Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the market’s future.
Read More »November Brought Minor Relief to Affordability
A combination of declining home values and lower mortgage rates brought down average mortgage payments by $100.
Read More »Zillow Predicts 2023 Midwest Housing Boom
The Midwest did not experience the same price surges other areas of the country have experienced since the beginning of the pandemic.
Read More »President Biden Announces Housing Supply Action Plan
Record high home prices pushed up by record low levels has been a persistent problem over the past year or so and relief seems farfetched in the short term. To combat this, the Biden-Harris Administration has announced a plan to ...
Read More »Affordability Concerns Lower Consumer Confidence
The latest iteration of Fannie Mae’s Home Purchase Sentiment Index (HPSI) for April decreased by 4.7 points to 68.5, its lowest level since May 2020, as rising mortgage rates and inflation pushed buyers to question affordability. All six of the index’s components ...
Read More »Survey: Economic Soundness Means Owning a Home
By all available means, data, and metrics, housing prices are still soaring. The growth seen by the typical single-family home over the past two years has been blistering and surprisingly consistent and at some point, something must give way, and ...
Read More »Is Remote Work the Answer to Affordability?
As home prices rise, affordability decreases for first-time homebuyers. New research shows that a confluence of remote work combined with declining affordability is giving some buyers the ability to relocate in search of more affordable housing.
Read More »Gen Z Less Optimistic About Home Ownership
Re-issuing a survey first completed three years ago, PropertyShark, a property research firm for commercial and residential tracts, found that Millennials have become more pessimistic about their housing options than they were three years ago while Generation Z’s feelings have also dampened. According to the ...
Read More »Should the Federal Government Intervene in Local Zoning Issues?
Are HUD’s provisions to the Affirmatively Furthering Fair Housing rule the right call? Click through to read analysis on the proposed changes.
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