WASHINGTON–Department of Housing and Urban Development Secretary Scott Turner outlined some of his philosophy regarding his new role during the Mortgage Bankers Association’s National Advocacy Conference April 8.
Tag: Housing Affordability
NAHB/Wells Fargo: Housing Affordability Nears Historic Low
Mortgage rates that hit a 20-plus-year high during the fourth quarter and elevated construction costs pushed housing affordability to nearly its lowest level in years, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Zillow Predicts Improved Affordability, More Homes For Sale in 2024
Zillow, Seattle, predicts home buyers will have a bit more financial breathing room in 2024, although affordability remains a challenge.
MBA Comments at Congressional Hearing on Housing Affordability, Governmental Barriers and Market-Based Solutions
The Mortgage Bankers Association weighed in yesterday at the House Financial Services Committee’s Subcommittee on Housing and Insurance hearing on housing affordability, governmental barriers and market-based solutions.
Rising Mortgage Rates Harming Housing Affordability: NAHB/Wells Fargo
Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter to its lowest level in more than a decade.
Home Buyers See Signs of Affordability Relief
Zillow, Seattle, said U.S. home values are easing down, starting to provide relief for potential home buyers facing affordability challenges.
Home Buyers on Budget Stand to Lose Big as Mortgage Rates Rise
Should mortgage interest rates go higher—and the Mortgage Bankers Association predicts they will hit 4% by the end of the year—home buyers on a fixed budget stand to lose some economic power, said Redfin, Seattle.
Tara Dugan of Tavant: Collectively Digitizing Housing Gap Solutions
Are new housing policies focused on making homeownership affordable and sustainable enough? Decades of continued discrimination due to lack of equal access for minorities responsible for the ever-growing housing gap would suggest not.
Housing Affordability Concerns Intensify
Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.
Zillow: Affordability Squeeze Approaches as House, Rent Prices Rise
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are “quickly evaporating” as home prices and rents rise faster than incomes, said Zillow, Seattle.