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MBA Newslink

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Home>Home Affordability

Tag: Home Affordability

Income Needed to Afford Typical U.S. Home Jumps By 46% From Year Ago

Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates and persistently high home prices, said Redfin, Seattle.

November 15, 2022 | By MBA NewsLink Staff

ATTOM: New Jersey, Illinois, California Have Highest Concentration of ‘Vulnerable’ Housing Markets

ATTOM, Irvine, Calif., released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in the first quarter.

July 5, 2022 | By MBA NewsLink Staff

Homebuyers on $2,500 Monthly Budget Lose $118,000 in Spending Power in 2022

Redfin, Seattle, said a homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled.

June 23, 2022 | By MBA NewsLink Staff
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