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Builders Are Building Smaller Homes There’s no arguing it, affordability is still tight. And if you’re trying to buy a home, that may mean you need to look at smaller houses to find one that’s still in your budget. …
When will the market turn? Housing affordability has declined dramatically in 2022 due to continued rising home prices and a three-percentage point jump in mortgage rates. Based on the popularity of Google searches for “housing bust” or …
Housing Affordability – Call to ARMs Housing Affordability is negatively affected by both rising home prices and mortgage rates. A 20% increase in nominal home prices and a 2% increase in the 30-year fixed rate mortgage since …
2 Charts That Show the Truth about Home Affordability! By The KCM Crew There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the …