Elevated home prices and rising interest rates are feeding into housing affordability woes for potential buyers, especially those with lower credit scores. A new
Tag: housing affordability
Home buying frenzy cools
As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, Realtor.com®’s newly-updated 2022 forecast predicts inventory will grow double-digits
Consumers glum on home buying
The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0
Biden allots federal funds for rent, tiny homes
President Joe Biden has announced a Housing Supply Action Plan Monday to ease the burden of housing costs over time, by boosting the supply
Renters could save by buying
As housing affordability issues rise across the biggest U.S. markets, new data suggests many renters who make the transition to first-time buying could save
Young, old clash over homes
The past year’s frenzied housing demand likely has more to do with the demographic makeup of America than a onetime, pandemic-driven boom, a new
Workers rent smaller, older homes
The Great Reshuffling has the potential to improve housing affordability for millions of Americans able to work remotely from a less expensive market. But for occupations
US median home price slips
August home sales dropped 3.5% from July’s total – and the Median Sale Price slipped 1.2% to $335,000 – as seasonal norms signaled that 2021’s busiest
Home affordability crisis worsens
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are quickly evaporating as housing costs rise faster than incomes.
Home buyers battle bidding wars
In the United States, prospective home buyers are facing fierce competition for limited inventory, as low mortgage rates and pent-up demand drives a seller’s