Affordability

Housing Affordability Challenges Persist in July 2023

At the national level, housing affordability was flat in July 2023 compared to the previous month. www.nar.realtor – Research

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NAR Hosts Policy Forum on the Current Housing Market and Affordability

NAR Hosts Policy Forum on the Current Housing Market NAR hosted a policy forum on March 16, 2023 entitled The Current Housing Market: Implications for Home Buyers and the Economy in Washington, D.C. Media Contact:  Tori Syrek Mortgage Financing, Fannie Mae & Freddie Mac (GSEs), Credit Policy, Appraisal & Valuation, Coronavirus, Rental Assistance, Rental Housing […]

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Realtors®’ CEO Meets with White House Officials to Discuss Housing Supply, Affordability

NAR continues to stress that government must invest in boosting our nation’s housing supply if we are to make housing affordable in the long run. www.nar.realtor – Fair Housing

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Builder Confidence Plunges on Rising Interest Rates, Growing Affordability Woes

In a sign that the housing market is now slowing, builder confidence took a steep drop in May, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released this week. Builder confidence in the market for newly built single-family homes fell eight points to 69 in May, and this… […]

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Housing Affordability Conditions Fade as Mortgage Rates Push Monthly Payments Higher in June 2022

The monthly mortgage payment increased by 5.3% in June 2022, compared to the prior month, while the median family income increased by 1.4%. www.nar.realtor – Research

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Housing Affordability Drops as Mortgage Payments Spike 51% From May 2021

Compared to one year ago, affordability fell in May as the monthly mortgage payment climbed 51% and median family income rose by 4.5%. www.nar.realtor – Research

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NAR’s Bryan Greene Joins Third Way to Discuss Solutions to the Housing Supply and Affordability Crisis

Greene highlighted policy proposals NAR is pursuing to make homeownership accessible to more people and outlined supply solutions that can be activated immediately. www.nar.realtor – Fair Housing

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Housing Affordability Continued to Improve in August

At the national level, housing affordability increased for the second consecutive month in August compared to the previous month, with the monthly mortgage payment falling by 1.1% and the median family income falling modestly by 0.7%. www.nar.realtor – Research

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Housing Affordability and Food Sufficiency

The housing affordability crisis is an issue that has widespread budgetary implications for families. Using publicly available data, a strong connection is made between housing affordability and food insecurity in this report. www.nar.realtor – Research

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Housing Affordability Declines in October 2020 Amid Surging Home Prices

Affordability declined in October compared to September as the median family income rose by 3.3% while the median home prices grew by 16.0%. www.nar.realtor – Research

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