Application Payment Index Points To Declining Home Affordability
MBA releases February PAPI.
MBA releases February PAPI.
Of more than 500 counties analyzed by ATTOM, 97.8% are less affordable in the first quarter of 2024 than their historic averages.
Redfin report reveals home affordability still low
The National Association of Home Builders reported that only 37.7% of new and existing homes were affordable.
Redfin details the ripple effect of soaring rates on home affordability.
Black Knight says rate hit 2.9%; First American RHPI shows a wave of foreclosures unlikely.
'The soaring housing market has finally come back down in much of the U.S., at least for now.'
A homebuyer on a $2,500 monthly budget can once again afford a $400,000 home.