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As homebuyers and sellers enter the October selling season, relief for hesitant home shoppers seems to be brewing for many reasons aside from the Fed’s latest rate cut, according to Realtor.com’s 2024 September Housing Report.
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Renting vs. Buying: Single-Family Homes Offer Tenants More …
1 天前 · Single-family rentals are now the entry point for many who can no longer afford to buy, while many Americans are turning to "starter homes" as homeownership becomes increasingly unattainable throughout the U.S., a new Point2 study shows.
Homeownership Expenses Spike Across U.S. - The MortgagePoint
5 天之前 · The driving costs associated with owning a home account for more than 30% of the average national salary, according to new CoreLogic data; however, this percentage decreases when mortgage rates decline and the surge in housing prices subsides; historically, affordability also increases slightly but remains inadequate.
Homebuyer Affordability Continues to Improve - The MortgagePoint
2024年9月30日 · Edward Seiler, MBA’s Associate VP of Housing Economics and Executive Director for the Research Institute for Housing America, revealed that while homebuyer affordability rose in August, mortgage application payments dipped. He adds that he "expects that lower mortgage rates, coupled with increasing housing inventory, will entice additional homebuyers to enter the housing market.”
The State of the Rate
2024年8月27日 · In a new analysis by Redfin, 85.7% of U.S. homeowners with mortgages have an interest rate below 6%, down from 90.6% at the start of last year, and a record high of 92.8% in mid-2022.This means even more than 85.7% of homeowners with mortgages have a rate below the current weekly average of 6.46%, prompting many to stay put instead of selling and buying another home at a higher rate—a ...
Average Mortgage Down Payment Jumps to Record High
2024年8月28日 · Redfin reports that the typical down payment for U.S. homebuyers hit a record high of $67,500 in June 2024, up 14.8% from $58,788 year-over-year, marking the 12th consecutive month the median down payment has risen year-over-year.. The nearly-15% jump in the median down payment significantly outpaced the increase in home prices, which were up 4% in June year-over-year.
FHFA Brings Clarity to Residential Mortgage Statistics
The Federal Housing Finance Agency (FHFA) has published updated aggregate statistics from the National Mortgage Database (NMDB) and launched the NMDB Aggregate Statistics …
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National Median Mortgage Payments Drop - The MortgagePoint
2024年7月26日 · According to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), homebuyer affordability improved in June, with the national median payment applied for by purchase applicants decreasing to $2,167 in June 2024 from $2,219 in May 2024, down $52.MBA’s PAPI measures how new monthly mortgage payments vary across time–relative to income–using data from MBA ...