Tag Archives: Affordability

Weathering the pandemic, Millennials are finding ways to get into the real estate market despite inventory and affordability constraints.

After taking a giant leap toward the 4% mark, mortgage rates scaled back this week, as most economists feel home price growth will remain firm before cooling off later this year.

Austin, Texas saw the biggest home price increase of any metro area in the U.S. in 2021, with home prices rising 35.5% year-over-year, according to a new OJO study.

First-time buyers spent an average of 25.6% of their household income on mortgage payments, making a home purchase unaffordable.

Citi announced that it worked exclusively with five Black-owned firms to distribute a $2.5 billion bond issuance, reinforcing the firm’s commitment to increasing racial equity in the capital ...

Homes are selling 16% quicker than they were in 2021, with the median-priced home spending an average of just 47.7 days on the market.

A rise in rates over the last week did not stop the charge of conventional purchase applications, as prospective buyers locked in rate before even more drastic increases.

Nationally, mortgage credit availability was on the rise to close out 2021, hitting levels last seen in May 2021, yet 30% below pre-pandemic levels.

Continued supply concerns have forced more to reconsider their home purchases, as the year closed out with a decline in overall purchase apps.

A new analysis from First American has found that home buyers continue to struggle to afford high listing prices amid a shrinking supply.