National Housing Affordability Improves Annually For First Time Since 2021
Real house prices decreased 3.4% on a month-over-month basis between July and August 2024.
Real house prices decreased 3.4% on a month-over-month basis between July and August 2024.
First American Data & Analytics cites rising mortgage rates and restricted supply as driving forces; First-time homebuyers face the brunt of the surge.
Consumer house-buying power decreases amidst rising rates, uncertain outlook.
Mortgage rates reduce buying power by 0.7%