In January, mortgage rates declined and affordability improved by nearly 2 percent compared with December, according to First American’s Real House Price Index. However, on an annualized basis, affordability decreased by approximately 7 percent.
Tag: Real House Price Index
Housing Market Reports: Continued Declines in Home Price Appreciation; Affordability Improves
Three end-of-month home price reports found appreciation declining in many parts of the country, along with increased affordability in many markets.
Home Price Report Roundup: More Rebalancing
Three reports show a continuing trend of slowly receding home prices, with some markets coming back to earth faster than others. Here’s a summary of those reports:
Home Price Reports: Monthly Gains Turn Negative
Annual home price appreciation, which flew along at a 20-percent pace for much of the past several years, appears to be grinding to a much slower pace going into 2023.
First American: Equity Buffers Remain Robust Despite Home Price Declines
First American Financial Corp., Santa Ana, Calif., said house-buying power has declined by nearly $150,000 from a year ago, driven by higher interest rates.
The ‘Great House Moderation’ Varies by Market
Reports from First American Financial Corp., Santa Ana, Calif., and Black Knight, Jacksonville, Fla., show the “Great House Moderation” accelerating, with some markets experiencing steeper slowdowns than others.
Housing Report Roundup, Mar. 1, 2022
Here are summaries of recent housing market reports that came across the MBA NewsLink desk.
First American: Rising Rates Could Trigger Buyers
Fear of missing out on low rates and the potential loss of house-buying power could supercharge the housing market ahead of the spring home-buying season, said First American Financial Corp., Santa Ana, Calif.
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.
First American: House Prices in All 50 Top Markets More Affordable Than Boom Peaks
First American Financial Corp., Santa Ana, Calif., said while house prices have increased, house-buying power has also increased because of a long-run decline in mortgage rates and the slow, but steady growth of household income.