For Week Ending August 5, 2023 According to ATTOM’s Q2 2023 Home Affordability Report, 98% of median-priced U.S. single-family homes and condos were less affordable than their historical averages in the second quarter of 2023, up from 94% in the … Continue reading
August 10, 2023 For the third straight week, mortgage rates continued creeping up and are now just shy of seven percent. There is no doubt continued high rates will prolong affordability challenges longer than expected, particularly with home prices on … Continue reading
For Week Ending July 29, 2023 Single-family housing starts fell 8% to a seasonally adjusted annual rate of 1.43 million in June, according to a joint report from the U.S. Census Bureau and the Department of Housing and Urban Development, … Continue reading
August 3, 2023 The combination of upbeat economic data and the U.S. government credit rating downgrade caused mortgage rates to rise this week. Despite higher rates and lower purchase demand, home prices have increased due to very low unsold inventory. … Continue reading
For Week Ending July 22, 2023 Home prices hit a new high in May, rising a seasonally adjusted 0.7% month-overmonth, according to the latest Black Knight Home Price Index (HPI), marking the fifth consecutive monthly price increase. The report found … Continue reading
