ATTOM, Irvine, Calif., released its third-quarter 2024 U.S. Home Affordability report, showing that median-priced single-family homes and condos are less affordable in Q3 2024 than historical averages in 99% of counties with sufficient data to analyze.
Tag: Affordabiility
ICE Mortgage Monitor: August Most Affordable Month Since February
Intercontinental Exchange, Atlanta, released its mortgage monitor for September, finding that declining mortgage rates have brought home affordability to its best level in six months in August and boosted refinance incentives for many.
Nearly 40% of Homeowners Couldn’t Afford Their Home If Bought Today, Redfin Finds
Nearly two in five homeowners don’t believe they could afford to buy their own home if they were purchasing it today, according to a new report from Redfin, Seattle.
Down Payment Resource Finds 9% Increase in Homebuyer Assistance Programs
Down Payment Resource, Atlanta, reported that 79 homebuyer assistance programs were added in the first quarter, to hit 2,373 total. That’s an increase of 9% year-over-year and the largest annual jump since DPR began compiling the data in Q3 2020.
Home Affordability Difficult for Average Incomes, ATTOM Finds
Median-priced single-family homes and condos remain less affordable than historical averages in more than 95 percent of U.S. counties, according to ATTOM, Irvine, Calif.
Black Knight: Low Interest Rates Translates into Home Buying Power
Black Knight, Jacksonville, Fla., said despite four consecutive months of accelerating home price growth, falling interest rates have increased home buying power, making homes their most affordable since 2018.