Tag Archives: Affordability

S&P CoreLogic Case-Shiller reported a deceleration in home prices nationwide, with markets in the western portion of the country reporting the most notable waning of home price growth.

An erratic mortgage rate market has not necessarily been a “farewell to ARMs,” as Zillow reports the share of ARM apps hit a 15-year high point, comprised primarily of those making nearly $75,000 more than the average borrower.

Cake Mortgage CEO David Abelyan shares his perspective on what needs to be done in the market to help alleviate the affordability issue, and what products are ideal to assist first-time buyers.  

While a multitude of downpayment assistance options are available to buyers, most are not aware these options exist, as Rob Chrane of Down Payment Resource explains how proper education can bring these programs to the forefront as a viable option to today’s home buyers.

Despite mortgage rates pulling back over the past month, numbers are down 59 basis points from the recent peak of 5.22% according to the latest Fannie Mae survey, they continue to anticipate a slowdown in home sales activity.

A new Zillow analysis revealed home-buying demand has cooled from the record pace of 2021, while competition is now at its hottest for the lowest-priced homes as mounting ...

With a segment of home buyers still on the outside looking in, Richard Ferguson of CBC Mortgage Agency discusses downpayment assistance programs, and how this option can benefit buyers in today’s market.

With the affordability issue lingering for most prospective buyers, Louis Zitting of MonitorBase discusses remedies to overcome some of the hurdles thrown in the path to homeownership.

Approximately $113 million will be invested to help HUD-assisted families increase earned income and improve financial stability, as the Bridging the Wealth Gap agenda will expand HUD’s work to help renters achieve financial well-being and homeownership.

A market reset may be underway, as fixed-rate mortgages fell just below 5% for the first time since April 7, continuing a trend of instability amid inflationary pressures and a slowdown in economic growth.