Lack of supply & housing affordability cited as biggest hurdles in latest NAR survey.
Tagged: Housing Affordability
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.
Title company’s chief economist says history shows rising mortgage rates may take the steam out of rising house prices, but don’t necessarily trigger a decline.
'Housing Supply Action Plan' seeks to improve affordability by increasing housing inventory over the next five years.
Spiking interest rates & rising prices are sending borrowers to ARMs