Application Payment Index Points To Declining Home Affordability
MBA releases February PAPI.
MBA releases February PAPI.
Affordability tensions surface as younger generations grapple with climate concerns, high down payment hurdles.
Stubborn sellers are staying put with their comfortable monthly mortgage payments.
Redfin says the increases in income needed to afford a median-priced home are especially high in Florida.
A panel of 107 housing market experts and economists predicted rent growth and inflation to outpace home appreciation.
Homebuyers anticipate price declines while potential home-sellers won't give up their lower mortgage rates.
What can we expect for the next six to 12 months?