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.
Tag: Affordabiility
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.