Housing affordability

Almost two-thirds of those aged 55 or over said they are sentimental about the house they have occupied long-term.

The income needed to afford a typical apartment is the highest since 2022.

Home inventory on the market increased in May, but stubbornly high mortgage rates and home prices are leading to slow sales in many areas, according to reports from Redfin and Zillow.

With home prices also climbing up faster than expected for the time of the year, median new loan payments headed higher by more than 2%, according to the Mortgage Bankers Association.

The April and May announcements from the U.S. government, down payment assistance firms and lenders on easing the homeownership affordability crunch.

The rates of single parent homeownership by gender differ by 14 percentage points, even though more single women own homes than men.

Almost half of parents said their grown children returned to live with them after graduation, placing greater challenges on their own long-term housing and retirement goals, according to a recent survey.

A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.

Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.

Higher costs than expected, not just for the mortgage but for repairs and more, have recent buyers' regretting their purchase, Clever RE and Redfin found in separate reports.

Affordability challenges also have some aspiring homeowners taking second jobs or looking to draw from retirement savings, according to Redfin.

The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.

The nearly 50% homeownership rate in 2023 marked the most significant increase since the Great Recession, according to NAHREP.

In an address on Tuesday, economic advisor Lael Brainard also discussed the controversy surrounding the president's proposed title waiver program.

Regardless of the effect housing prices have on ballot decisions, almost two-thirds of respondents indicate that current economic trends left them feeling negative about the economy, Redfin said.

Continued failure to bring Fannie Mae and Freddie Mac out of conservatorship will lead to see-saw mortgage policy every time the White House changes hands, which is against the intent of the GSE statutes that indicate a desire for stable secondary markets, writes the Principal at public affairs firm TVDC.

Prices in several cities came in more than 20% above what would be considered a sustainable level when compared to local economic factors, according to the rating agency's report.

While a Fannie Mae study confirms that the vast majority want to age in place, people 60 and older don't want to use their residence as a piggy bank.

The income needed to comfortably afford a home in the US has leapt 80% since 2020, far exceeding a 23% increase in median income over the same period, according to a post on Thursday by Zillow.

But a part of the proposal getting mixed reviews extends a risk sharing program that provides capital to housing finance agencies for multifamily loans.