Tag Archives: home affordability

Interest rate hikes keep Miami the least affordable city in the nation

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Buyers would have to spend 86 percent of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop. Continue reading →

Making $67K? That’s no longer enough to buy the typical US home

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The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Continue reading →

NAR chief economist: We may be in for a ‘most unique’ recession

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Lawrence Yun predicted this year’s housing market will see declining sales, rising home prices and an American Dream increasingly out of reach Continue reading →

Discrimination second only to high prices as biggest obstacle to buying

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The National Association of Realtors latest consumer survey revealed affordability is the main thing plaguing homebuyers, followed by discrimination, mortgage access and agent performance. Continue reading →

Homeowner support grows for mother-in-law units: Survey

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Homeowners, long resistant to new apartments in their neighborhoods, are increasingly open to other ways of adding housing units, according to a new survey by Zillow. Continue reading →

Homebuilders primed for big year of earnings. Here’s the stocks to watch

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Anticipating a high demand for homes, a research team at JPMorgan Chase is bullish on several real-estate stocks and investment trusts, according to a new analysis. Continue reading →

Low mortgage rates keep home costs in an acceptable range

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Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk. Continue reading →

Miami neck-and-neck with pricy Calif. metros as home prices surge

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Another year of home price growth has pushed some metros to extremes, including Miami, where income growth hasn’t been able to keep up, according to new data from OJO Labs. Continue reading →

Home affordability modestly improves in first quarter of 2020

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Median home prices were still unaffordable for 66 percent of U.S. counties in Q1 2020, but that number decreased from 70.4 percent in Q4 2019. Continue reading →