Housing affordability

Recent affordability and interest rate trends led to “clear evidence” of discouragement among potential consumers in the purchase market in the first three months of 2022, according to the National Association of Home Builders.

Suburban pushback against a proposal that would have loosened regulations of new units in New York State led to its removal from the state budget.

A majority of housing experts also believe first-time homeownership should hit 2019 levels again within four years; however, a substantial number don’t expect it this decade.

While the median income rose 1% over the last year, the median price of a home rose a staggering 25%, according to the the Federal Reserve Bank of Atlanta.

A quarter-percent increase would eliminate more than a million buyers for median-priced homes according to the National Association of Home Builders.

CalHFA’s executive director Tiena Johnson Hall discusses her agenda for encouraging affordable housing development in the inventory-strapped state.

Only eight states experienced annual appreciation viewed as sustainable, according to Fitch Ratings.

The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.