Housing affordability

Hispanic-owned houses are worth 11.9% less than those owned by non-Hispanic White households, compared with 12.4% in December 2021, a recent high in the gap, Zillow said in a blog post

While people are talking about supply, the former National Association of Realtors exec adds more attention must also be given to home insurance affordability.

Despite rising consumer confidence in the housing market, declining mortgage rates, alone, don't seem to be able to lure home buyers in, two new reports find.

The bank just added an additional $6 million to a program that pays for a 2 percentage point buydown in the mortgage rate for eligible borrowers.

Some recipients of the new multimillion-dollar funding announced this week include several organizations partnering with historically Black colleges and universities.

Affordability improved for a fourth straight month, but questions remain about whether recent trends will bring a significant number of buyers into the housing market.

Sen. Tim Scott's housing bill calls for Congress to play more of a role in reviewing public intervention in housing while reforming or expanding certain programs.

Asked about inflation risks ahead, she pointed to the impact of housing on the consumer price index, describing it as the "stickiest piece." Stripping out housing, the U.S. consumer price index is only rising about 1.8%, she said.

Subsidies for first-time homebuyers, such as the one proposed by Democratic Presidential nominee Kamala Harris, will only stoke demand and exacerbate the crisis, writes the chairman of Whalen Global Advisors.

The average payment fell to $2,140 from $2,167 in June, according to the Mortgage Bankers Association.

Without considering the potential of building equity in a property, in 48 of 50 markets renting was better; appreciation flips that to 29 cities in favor of buying, First American said.

Inflation and housing affordability are the two top election-year issues among home buying consumers, according to a new report from Veterans United Home Loans.

Higher interest rates over the spring applied some downward pressure on prices, which still managed to grow by over 4% in the first five months of the year, according to the S&P CoreLogic Case-Shiller Index.

Moderating price growth and higher wages are leading to affordability relief, according to the Mortgage Bankers Association.

Nearly 56,000 home-purchase agreements were voided in June with the underlying cause likely affordability, a Redfin report claims.

Institutional investors have an opportunity to "do well while doing good" while advancing a flagship public/private partnership model writes the Chief Growth Officer of Rocktop.

The former president's running mate pick has garnered national attention, partially for his controversial suggestion to deport 20 million people as a solution to the lack of housing inventory.

Rising inflation has been an issue across the country, but these are the cities with the greatest challenges.

May's falling interest rates as well as ongoing wage growth helped improve home affordability across borrowing segments and racial groups, the Mortgage Bankers Association said.

The pace of growth is more than double the recent historical average, adding further affordability hurdles for some homeowners.