Redfin reports nearly half of U.S. homeowners and renters are grappling with the financial strain of housing payments.
Tagged: Housing Affordability
MBA releases February PAPI.
As the November 2024 Election approaches, more than half of homeowners and renters say housing affordability is impacting who they plan to vote for in the upcoming presidential election.
Intercontinental Exchange, Inc. data reveals a 5% drop in income share for median home purchases, alongside rising home equity and increased refinance incentives, signaling a more favorable real estate environment.
Housing market struggles with affordability as home ownership costs remain high.
But 2024 offers hope.
Recent data unveils a dip in median mortgage payments, but annual figures showcase a significant rise.
Reports from ATTOM and MBA highlight steepest drop since 2007, with 99% of counties surpassing historical averages in home and condo pricing.
Redfin says skyrocketing home prices and limited supply challenge buyers.