Organization updates its 2023 ‘housing affordability pyramid.’
Tagged: Housing Affordability
White households had three times as many affordable housing options as Black households.
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.
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.
Housing Opportunity Index shows just 42% of families earnings median income could afford the homes sold in Q3.
Johnson City, TN, nabbed the number one spot on the latest quarterly Wall Street Journal / Realtor.com Emerging Housing Markets Index.
Zillow forecasts home value growth will be nearly flat over the next 12 months, especially as inventory struggles to catch up.
They represent 45% of the market, up from 37% last year.
Fannie Mae's monthly HPSI report showed its seventh straight month of declines, approaching a drastic low.