Items Tagged with 'Housing Affordability'

ARTICLES

  • Housing affordability retreats in fourth quarter

    The average homeowner will spend 35% of their income when purchasing a home
    In the fourth quarter of 2018, the median home price reached the least affordable level since the third quarter of 2008, according to ATTOM Data Solutions. ATTOM Senior VP Daren Blomquist said while poor home affordability continues to cloud the U.S. housing market, there are silver linings in the local data as home price appreciation falls more in line with wage growth.
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  • 6 Questions with 6 HUD Executives, Ep. 6: Ginnie Mae EVP and COO Michael Bright

    Bright talks about the affordability crisis, risks to the housing market, what drives him and more
    On this episode of 6 Questions with 6 HUD Executives, HousingWire Editor-in-Chief Jacob Gaffney sits down with Ginnie Mae Executive Vice President and COO Michael Bright to talk about affordable housing, the securities market and Ginnie Mae crossing the $2 trillion threshold.
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  • Joel Kan: 3% to 4% growth predicted for the purchase market

    Refinance market still slated to struggle
    The purchase market is due for a rebound, according to Joel Kan, MBA associate VP of industry surveys and forecasts. Kan told members of the audience in a Q&A session at MBA Annual that current macroeconomic trends should create a swell for the purchase market – good news for the flagging mortgage market.
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  • FHFA debuts new housing affordability metric

    New study found that there are differing levels of affordability for certain groups of individuals
    The Federal Housing Finance Agency just debuted a new housing affordability metric that aims to build upon the data already provided by other similar metrics, and what the FHFA found on the metric’s maiden voyage isn’t pretty.
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  • Your mortgage bill will cost you more in these cities

    Zillow study reveals declining affordability nationwide
    Home prices are rising, interest rates are climbing, and mortgage payments are putting a bigger dent in Americans' budget than in years past. A new study by Zillow revealed that a mortgage payment on the average U.S. home comprises 17.5% of the median income, climbing 2% from last year and reaching the highest level in nine years.
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  • First American: Home prices could be at tipping point

    New data indicates it might finally be time for the prices to start walking down
    Home prices may have finally reached their tipping point after increasing 11.4% year-over-year. According to First American’s Chief Economist Mark Fleming, home prices are in the beginning stages of correcting to demand.
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  • Freddie Mac: August forecast shows affordability hinders growth

    Supply and demand deter prospective homebuyers
    Home sales growth is expected to slow through the remainder of the year, as a lack of affordability and supply contribute to a continual slowdown, according to Freddie Mac’s August Forecast. Freddie Mac Chief Economist Sam Khater said these challenges were predominantly seen in expensive markets out West.
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  • Senate Democrats unveil sweeping rent reform proposal

    Dems introduce act that could bring tax relief to renters
    Increasing rent prices leave many American families struggling to afford housing, but Senate Democrats have introduced new legislation to help alleviate that stress. The Rent Relief Act will award a refundable tax credit to renters that pay more than 30% of their gross income on rent, including utilities.
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