NAHB: 49% Of U.S. Households Can’t Afford A $250K Home
Organization updates its 2023 ‘housing affordability pyramid.’
Tagged: Housing Affordability
Redfin: 53% Fewer Affordable Homes For Sale In 2022
White households had three times as many affordable housing options as Black households.
Homebuyers Are Getting More For Their Buck
Rising mortgage rates last year cut $305,000 off what a buyer could afford with a $3,000 payment, but that trend has started to reverse.
Redfin: Big Rate Drop A Boost For Buyers
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.
NAHB: Home Affordability At 10-Year Low
Housing Opportunity Index shows just 42% of families earnings median income could afford the homes sold in Q3.
Americans Are Moving Away From Cities To Get The Most Affordable Price
Johnson City, TN, nabbed the number one spot on the latest quarterly Wall Street Journal / Realtor.com Emerging Housing Markets Index.
Home Values Are Nearly 25% Above Normal Affordability
Zillow forecasts home value growth will be nearly flat over the next 12 months, especially as inventory struggles to catch up.
Zillow: First-Time Homebuyers Make Up Nearly Half The Market
They represent 45% of the market, up from 37% last year.
Fannie Mae's Housing Sentiment Edging Toward All-Time Low
Fannie Mae's monthly HPSI report showed its seventh straight month of declines, approaching a drastic low.