Tagged: Affordability

New homes sold in 2025 were nearly 12% smaller than a decade earlier, while their average price per square foot climbed 72%

Average payments for first-time buyers have climbed 57% since 2019, while serious delinquency is becoming concentrated among lower-scoring borrowers

Only 19% would stretch their housing budget, signaling that the next generation of buyers may expect originators to search across markets — not merely across loan products

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

Principal-and-interest payments reached $1,522 for lower-payment purchase applicants in June, just $9 below the national median asking rent

Truework finds 85% consider refinancing important to their financial health, revealing a highly motivated but financially vulnerable future borrower pool

Redfin’s index rose 3% annually in June, with luxury demand and limited move-in-ready inventory supporting prices despite elevated mortgage rates

Contract signings fell 5.4% from May as elevated borrowing costs and record home prices continued to pressure affordability, particularly for first-time buyers

Slower appreciation and more realistic seller pricing could improve purchase opportunities even as mortgage rates remain elevated

Newrez loan data shows first-time buyers still accounted for nearly half of 2025 purchase originations as home prices and borrower incomes climbed