Zillow, Seattle, said U.S. home values are easing down, starting to provide relief for potential home buyers facing affordability challenges.
Tag: Housing Affordability
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.
MBA RIHA Study: Affordability Growing Challenge for Low-, Moderate-Income Renters in Majority of Top 50 Metro Areas
Home prices and rent appreciation have exceeded income growth since the turn of the 21st century. This has created economic obstacles for many American households, especially for low- and moderate-income renters living in cities with recent employment growth but significant housing supply constraints, according to a new report from the MBA Research Institute for Housing America.
Solving Affordability with More Density
Most of us love the idea of having a single-family home on a two-acre lot, big enough to support livestock. But when it comes to housing affordability, says Zillow, Seattle, most of us also say they see a path through adding density.
MBA Advocacy Update
Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.
MBA Chart of the Week: CPI Inflation–Shelter Costs
Housing affordability challenges–for both buying and renting–continue to be a topic of discussion. According to the Bureau of Labor Statistics, shelter costs continue to outpace the price growth of overall goods and services, as measured by the Consumer Price Index.