Tagged: Housing Affordability

Intense housing competition and soaring house prices prompted buyers to double their down payments.

Redfin reports that nine of the 10 housing markets holding up best are either in the Midwest or on the East Coast.

MBA, however, says the recent stretch of modest affordability improvement likely hit a speedbump this month, as mortgage rates rose above 6%.

As mortgage rates hit 5.89%, it takes 35.51% of median income to pay monthly principal & interest.

Zillow says homes sold at or near $1 million shrank by nearly 500 square feet, a new low for 2022.

The committee will focus on FHFA’s regulated entities like Fannie Mae, Freddie Mac & Federal Home Loan Banks.

Potential homebuyers can use the Home Swap interest-free home-equity advance to increase their down payment and lower their mortgage rates.

The Biden Administration announced a plan with billions of dollars for new steps to tackle the housing supply crisis.

The national median payment applied for by applicants was down just four dollars to $1,893 in June from $1,897 in May.

Redfin found that a record share of homebuyers are relocating as high prices and mortgage rates make affordable areas more attractive.