Tag Archives: Affordability

Mortgage application volume held steady week-over-week according to a new report, as a slight drop in refis was countered by a rise in home purchases.

Year-over-year, affordability declined in August, but progress was seen month-over-month, with median family income on the rise.

While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.

The month of July saw home prices rise for the 14th consecutive month, forcing millennials and first-time buyers back to the sidelines.

Stagnant wages and rising valuations lead to less affordable homes for most of the U.S. 

With mortgage rates still in refi-friendly territory, dropping week-over-week, according to Freddie Mac’s weekly report.

The Federal Reserve Bank of Atlanta has found that affordability has declined for five consecutive months, with the supply of available homes nationwide plummeting to just one month amid continued high demand.

U.S. Senators Jerry Moran and Jeanne Shaheen hosted a roundtable to break down the struggle that homebuilders are facing to keep up with continued demand.

Tian Liu details what does the housing market needs to do to make the American Dream more attainable for all.

Both competition and the speed with which homes have been selling have passed their previous record-high peaks. However, most homes are still selling within two weeks and for more than list price.