Housing Affordability Hits Historical Low in August 2023

Compared to one year ago, affordability fell in August as the monthly mortgage payment climbed 26.2% and median family income rose 4.7%. The ...

Housing Affordability Remains Near Historic Low Level

Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing ...

US pending home sales hover near record low in August, NAR says

“A slight upward turn reflects a modest improvement in housing affordability, primarily because mortgage rates descended to 6.5% in August,” ...

Home Affordability Hits Six-Month Peak – NMP

Declining mortgage rates have boosted housing affordability to its highest level since February, but record-high down payments and lofty home prices are still ...

First-time buyers hampered as starter homes become much less ...

Wages have grown as the median household income is now $83,853, compared to $79,689 a year ago. And affordability has been aided by lower ...

US Housing Affordability Hits Worst Point in Nearly Four Decades

A recent surge in US mortgage rates has pushed affordability to the lowest level in nearly four decades. For house hunters, waiting for any relief is a risky ...

Housing affordability hits a 39-year low. 'It's fair to expect prices to ...

Walden noted that with rates over 7.5% and affordability hitting a 39-year low, “it's fair to expect prices to weaken later in 2023.

The Future of Affordable Housing in the US: Global Solutions for a ...

Even despite a rapid monetary tightening cycle, house prices continue to hit historic highs—and one measure of housing affordability in the US ...

Housing Affordability Hits Record Lows in 2023

"A perfect storm of inflation, high prices, soaring mortgage rates and low housing supply caused 2023 to go down as the least affordable year ...

Economic, Housing and Mortgage Market Outlook – August 2023

The combination of high interest rates and tight inventory due to the rate lock-in effect will keep home sales low through 2023. Our forecast is ...

Home prices hit another record high in August - Yahoo Finance

The re-acceleration in home prices late this summer — coupled with higher mortgage rates — pushed buyer affordability to a new low, according to ...

US Housing Affordability Worsens to New Record Low on High Rates

US housing affordability worsened to a fresh record low in August as Americans continue to bend under the weight of soaring mortgage rates and sticky prices.

Existing-Home Sales Slide in August 2024

August home sales reached a 3.86 million seasonally adjusted annual rate. August sales of existing homes declined 4.2% from August 2023.

Housing Affordability Nears Historic Low in Q4 2023

Housing affordability continued to near its lowest level in more than a decade in the fourth quarter of 2023, as only 37.7% of existing ...

US housing affordability has worsened in 2023 - Fastmarkets

Discover why the US housing market has had an uneven go of it in 2023, as mortgage rates rose dramatically, soaring past 7.0% in August.

Housing Affordability Hits a 39-Year Low. 'It's Fair To Expect Prices ...

Walden noted that with rates over 7.5% and affordability hitting a 39-year low, “it's fair to expect prices to weaken later in 2023.”.

National Housing Affordability Improves Annually for First Time in ...

Nominal house prices reached another new record high in August, but annual house price appreciation slowed for the eighth consecutive month. The ...

Home prices hit another record high in August

The S&P CoreLogic Case-Shiller National Home Price Index increased 0.9% in August month over month and 2.6% annually on a seasonally adjusted basis.

Housing Affordability in the U.S. Hits Lowest Levels in Index History

... housing affordability in the third quarter of 2023 to its lowest level in more than a decade.

America's frozen housing market: Sales hit a 13-year low - CNN

Historically low inventory of homes for sale continued to push prices up and rates that crossed over 7% in August have pulled sales down to ...