affordability
After years of mostly steady decline, the Black homeownership rate in the US saw its largest jump on record in the early days of the pandemic. Now, soaring borrowing costs and home prices threaten to erode those gains. Black Americans — who for decades in the mid-20th century were shut out of swaths . . […]
A pending sale sign in Little Rock, Ark., in 2011. A new Redfin analysis finds the share of affordable homes for sale in 2023 was the lowest in at least a decade. Danny Johnston/AP file photo hide caption toggle caption Danny Johnston/AP file photo A pending sale sign in Little Rock, Ark., in 2011. A […]
The U.S. housing market is grappling with its worst affordability crisis in nearly 40 years. Mortgage rates have surged to a level unseen since April 2002, with the average rate for a 30-year fixed loan now standing at 7.09%, a significant rise from 6.96% just a week ago, as Freddie Mac reported in its latest […]
August 17, 2023 3:28 PM | 2 min read The U.S. housing market is grappling with its worst affordability crisis in nearly 40 years. Mortgage rates have surged to a level unseen since April 2002, with the average rate for a 30-year fixed loan now standing at 7.09%, a significant rise from 6.96% just a […]
On the surface, the United States seems to be entering a promising era for renters, with the most significant rise in apartment construction in decades leading to an apparent slowing in rent increases. The median rent increased by just 0.5% in June, and some economists project a modest decline in U.S. rents this year, following […]
U.S. housing affordability nears record low as prices, rates keep climbing: Black knight Seeking Alpha Source link
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