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.
Tag: Affordability
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.
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.
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.
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.
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.
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.
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.
Low Rates Offer More Affordability, But Higher Prices Cancel Out
Historically low rates are increasing home buyers’ purchasing power, but low inventories and rising home prices are effectively canceling out that purchase power, said Redfin, Seattle.