Items Tagged with 'affordability'

ARTICLES

  • 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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  • Apartment List: Housing legislation can't make it through Congress

    Out of 10,222 bills introduced so far this term, only 115 had to do with housing
    Out of the 10,222 bills introduced so far in the 115th Congress, only 115 of those had to do with housing and of those 115, not a one made it to the Oval Office. According to a report from Apartment List, despite growing national concern regarding the housing affordability crisis, what few potential solutions are being put forth, can’t make through Congress because they are not a priority.
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  • The jury is in: This cycle ends in 2020

    Wall Street Journal survey reveals 59% of economists predict a slowdown in 2020
    We have been hearing about this for a while now, but the jury is finally in: Most economists predict this up cycle will end in 2020. America may have less than two fat years to make hay while the sun is still shining on the economy.
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  • CBS: 3 reasons to worry about the housing market

    Article warns looming issues could cause strain
    Trouble is brewing in the U.S. housing market, some claim, asserting fear that another housing bubble could be on the horizon. A CBS article said “storm clouds are gathering,” pointing to three factors it called worrisome for the future of the housing market.
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  • Realtor.com: Home prices are rising 3 times faster than rents

    This could mean further reinforcement for multifamily demand for the foreseeable future
    According to Realtor.com, home prices are rising at three times the rate of rent growth. A new analysis by the real estate company’s research division shows that the monthly costs of buying a home have risen by 14% over the past year while rents have only increased by 4%. That's likely to keep people renting.
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  • NAA: Multifamily parking ratios lowest since 1960s

    Impending autonomous cars, ride-sharing, affordability, legislation are pushing parking ratios down
    Parking ratios for multifamily properties are falling in most metros thanks to urbanization and changing attitudes toward car ownership. According to a study from the National Apartment Association, over the last decade, the average parking ratio per unit dropped to 1.46, the lowest it has been since the 1960s.
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  • LIBOR pushes ARM rates higher, borrowers brace for impact

    Majority of increase yet to be felt
    As home prices rise and interest rates increase, potential home buyers are not the only ones affected by the affordability changes. Homeowners who previously bought their home using an adjustable-rate mortgage are now seeing an increase in their monthly mortgage and interest payments, with more increases yet to come.
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  • Zillow: America will have 23 more $1M housing markets by next year

    Affordability is slated to die for good in more and more cities in the U.S.
    Over the next year, the median value of a home will soar to $1 million or more in 23 more U.S. cities, providing further evidence of the worsening affordability of housing around the nation and a harbinger of how much worse it will get. Is it time to say goodbye to affordability?
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  • Here are 5 costs homeowners often overlook

    And the best ways to avoid them
    Purchasing a home may be the biggest decision you make your entire life. The way you choose to invest your money could either set you up for failure or success. Hippo, an InsureTech company, lists 5 hidden homeownership costs and provides some insight on the best ways to avoid them.
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  • The No. 1 U.S. market just got more affordable

    Builders focusing on more affordable housing
    Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why.
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