October Existing Home Sales: Mortgage Rate Swings Extend Home Sales Decline
Existing home sales dropped again in October after a spike in mortgage rates caused both supply and demand to pull back.
Military Households Hold a Housing Affordability Edge Thanks to Higher Incomes, Lower Rates
Active-duty military families typically have higher housing costs than other households
Affordability Crisis: United States Needs 4.3 Million More Homes
Gap between families and available homes widens and likely continues to grow
Three Roommates or Four Jobs Needed to Afford a Two-Bedroom Rental on Minimum Wage
Rent affordability is better in cities with higher minimum wages, even in expensive markets.
Spooky Season is Here to Stay: Mortgage Affordability May Never Recover
Housing affordability has become the highest barrier for both buyers and sellers in today’s housing market. Throughout the pandemic, as prices were rising to never-before-seen heights and inventory plummeted to their lowest level in at least 40 years, low mortgage rates helped keep monthly payments affordable for most home buyers who could afford a down payment. But now that rates are soaring, that monthly payment is climbing out of reach for many.
