Affordability

According to a new Home Bay study, it is more affordable to rent than buy a home in 90% of the most populous U.S. cities. Research found that, on average, renters save an estimated $174 a month, totaling $2,088 per year.

A new study from Veros has found that markets in the Western U.S., once popular destinations, are displaying signs of weakness, with regions in the Midwest and Eastern part of the nation emerging as targets for buyers seeking affordability and economic stability.

The ATTOM U.S. Home Affordability Report revealed that median-priced single-family homes and condos were less affordable in the Q2 of 2023 compared to historical averages in 98% of counties around the nation.

Fannie Mae’s recap of its Environmental, Social, and Governance efforts in 2022 details how the GSE acquired mortgages supporting 1.2 million single-family home purchases nationwide, nearly half of which were for first-time homebuyers.

Due to a significant lack of homes for sale, the median U.S. home-sale price is down 0.9% year-over-year, according to a new housing market update from Redfin, representing the smallest decline in nearly four months.

Many Americans, discouraged by traditional creditworthiness assessment tools, are giving up on their homeownership dreams, according to a new report from FormFree.

Analysts from LendingTree explain that ‘unfriendly’ market conditions and their effects on home shoppers’ psyches are causing many a sleepless night for prospective buyers nationwide.

In the wake of wedding season, a new report from Realtor.com revealed some 80% of recent wedding registry creators say that if they were to do it again, they'd include an option for people to gift money toward a down payment on a new home.

According to a new report from the National Association of Realtors, pending home sales slipped nearly 3% in May, while contract signings jumped in the Northeast but decreased month-over-month in three major U.S. regions.

The MBA reports that American homeowners continue to struggle to make ends meet, with the national median mortgage payment hitting $2,165 in May 2023, up $268 from one year ago, or an increase of 14.1% year-over-year.