Tag Archives: Affordability

Fannie Mae’s ESR Group found that, despite the nation’s solid economic finish to 2021, inventory and inflation will dampen the housing forecast in 2022.

As more than 45 million millennials enter the prime first-time buying ages of 26-35, the year 2022 will present several opportunities, despite expected a rise in rates and a recovering inventory.

Despite mounting affordability challenges, existing-home sales continued to push upward, rising a slight 0.8% over September’s totals.

A seasonal slowdown in purchase activity has not dampened home values, as the limited supply remains priced at a premium.

Nationally, median home prices rose to $294,488 in September, marking the sixth straight month of increases.

Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.

More Americans are seeking homes in a market where short supply continues to be tagged with high ticket prices as potential buyers migrate from urban apartments to suburban homes.

New announcement will expand eligibility for the GSE’s refi programs for low- and moderate-income borrowers, and revise desktop appraisal mandates.

A new forecast by the MBA finds that while originations are expected to decline 33% from this year, lenders will turn their attention to their servicing business in order to meet profit margins.

While monthly mortgage payments are on the rise, progress has been made in affordability for the second consecutive month.