Tag Archives: Affordability constraints

While affordability issues linger for many, a new study from Redfin has found that just a small portion of homes were deemed affordable by modern lending standards.

Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007.

As the future of the economy remains uncertain, the Fannie Mae Economic and Strategic Research Group forecasts home sales to remain constrained within a tight range regardless.

A new Zillow report revealed Black, Latinx, and Asian American Pacific Islander renters reported paying security deposits and application fees an estimated 43% higher than those paid by white renters.