Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. …
Posts published in “affordability”
Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin. Source: Inman News
Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to…
Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be…
Changes set to take effect Aug. 1 are part of an ambitious plan to boost housing construction by 2 million and help renters save up…
As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they’re…
Fueled by positive job growth and an increase in available housing, the National Association of Realtors’ Pending Home Sales Index rose 1.6 percent in February,…
As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after…