The Biden Administration announced a plan with billions of dollars for new steps to tackle the housing supply crisis.
Tagged: Housing Affordability
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.
Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.
The second quarter report found that nearly one-third of average U.S. wages were required for major home-ownership expenses.
House prices are now 52.9% above the housing boom peak in 2006.
Surging prices and interest rates have made mortgages less affordable than at any time since at least 2007.
The National Association of Home Builders (NAHB) is asking for Congress’ help in alleviating a nationwide affordability issue.
Active listings will grow 15% year-over-year as the inventory recovery accelerates in 2022.