Half of U.S. homeowners and renters sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin, Seattle.
Tag: Affordability
Redfin: Typical Household Earns $30,000 Less Than Needed to Afford Median-Priced Home
Buyers need to earn $114,000 to afford the typical U.S. home–35% more than the typical household makes, according to Redfin, Seattle.
MBA CEO Bob Broeksmit at #MBACREF24: Industry Participation Vital to Overcoming Policy Challenges
SAN DIEGO–MBA President and CEO Bob Broeksmit, CMB, highlighted challenges to the commercial real estate finance industry–from Basel III to affordability–here at the MBA Commercial/Multifamily Finance Convention and Expo.
Wharton’s Susan Wachter: Keep an Eye on 2025
Susan Wachter, a professor at the Wharton School at the University of Pennsylvania and expert on housing finance, real estate and urban economics, had a takeaway for those in the industry wondering when brighter times will come: “Stay alive until 2025.”
Wharton’s Susan Wachter: Keep an Eye on 2025
Susan Wachter, a professor at the Wharton School at the University of Pennsylvania and expert on housing finance, real estate and urban economics, had a takeaway for those in the industry wondering when brighter times will come: “Stay alive until 2025.”
MBA: Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162, the Mortgage Bankers Association reported.
MBA: Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162, the Mortgage Bankers Association reported.
ATTOM: Home Affordability Continues to Worsen in Second Quarter
ATTOM in its second-quarter 2023 Home Affordability Report found median-priced single-family homes and condos were less affordable in the quarter compared with historical averages in 98% of counties across the U.S with enough data to analyze.
Ksenia Potapov from First American: First-Time Home Buyer Affordability Outlook Mixed, but Affordable Markets Remain
The affordability outlook is mixed, but there are markets that remain affordable for the potential first-time home buyer, like Buffalo, Pittsburgh and Detroit, despite the turbulence of today’s housing market.
Buyers Getting More for Money as Spring Season Approaches
Home buyers’ mortgage payments have started stretching a bit further, reported Zillow, Seattle.