Affordability

“While annual single-family rent growth has returned to a moderate pace, more than three years of substantial increases will have a lasting impact on tenants’ budgets,” said Molly Boesel, Principal Economist for CoreLogic. Click through to see how the SFR sector is evolving.

NAR, along with the Independent Community Bankers of America and Community Home Lenders of America, have issued a joint proposal to the FHFA, the White House, the Treasury Department, and the Federal Reserve Board, designed to help ease mortgage affordability. Here’s what they propose.

"New AI-powered technologies are allowing lenders to complete their work without having to maintain today’s high staffing levels," said Argun Kilic, CEO of Areal. "Even better, these new tools work with their legacy technologies."

“Both fiscal and monetary policies have contributed to the much higher level of mortgage rates in 2023,” said Mike Fratantoni, Chief Economist and SVP for Research and Industry Technology for the MBA.

According to a new report from Fannie Mae, a deceleration in home prices is likely in 2024, with economic growth projected to slow.

The new ADU policy will expand financing options for borrowers to bolster the supply of affordable housing and assist families in creating generational wealth.

The Department issues federal funds to support efforts community-driven efforts nationwide to end youth homelessness, and improve outcomes through secure, stable, and supportive housing.

As relocation patterns continue to shift nationwide, the Mountain West region has emerged as a hot spot for homebuyers, according to a new study from StorageCafe, with Idaho topping the list with the highest net migration rate in the nation.

Saving for a standard 20% down payment can take years, but many homebuyers today are turning to family members to expedite the process.

Freddie Mac reports the 30-year fixed-rate mortgage rose to an average of 7.57% this week, as purchase demand remains at a three-decade low.