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.
Tag: Affordability
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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.
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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.
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Buyers Getting More for Money as Spring Season Approaches
Home buyers’ mortgage payments have started stretching a bit further, reported Zillow, Seattle.
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Homebuyers See Relief from Prices, Monthly Payments
Redfin, Seattle, said homebuyers in many markets are starting to see relief from home prices and monthly payments.
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Rising Prices, Mortgage Rates Make Homeownership Unaffordable in Most Of U.S.
ATTOM, Irvine, Calif., said median-priced single-family homes and condos are less affordable in the second quarter compared to historical averages in nearly all U.S. counties.
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Rising Prices, Mortgage Rates Make Homeownership Unaffordable in Most Of U.S.
ATTOM, Irvine, Calif., said median-priced single-family homes and condos are less affordable in the second quarter compared to historical averages in nearly all U.S. counties.
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Supply-Side Constraints Cool Home Builder Sentiment; Most Households Can’t Afford Median-Priced New Home
Despite strong buyer demand, Home builder sentiment continued to slip in February, the National Association of Home Builders reported Wednesday.
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Lowering the Cost of Rental Housing
Local governments need to adopt “comprehensive and balanced” housing strategies to ensure everyone can access a stable and affordable place to live, said the Lincoln Institute of Land Policy, Cambridge, Mass.
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Addressing America’s Affordability Crisis
Moody’s Analytics and the Urban Institute recently reported that more than 10 million U.S. renter households owe more than $5000 in back rent and fees as America’s affordability problem worsens during the pandemic. Analysts took on these and other issues in a lively session at the Mortgage Bankers Association’s CREF21 virtual convention.