Tag Archives: Affordability

Home affordability plummeted in fourth quarter 77% of counties are now labeled less affordable by ATTOM Data Solutions

Homeownership continues to swerve into unaffordable territory, with median-priced single-family homes becoming less affordable in three-quarters of the nation’s market, a report published by ATTOM Data Solutions last week said. Per the report, between October to December 2021, median home prices in 440 of the 575 counties analyzed by the data vendor saw notable home-price growth. As a […]

More trained workers needed to increase housing supply, ease affordability

“Boosting housing supply requires training and placing thousands more skilled workers in good-paying jobs,” Brady said. “That is urgently necessary as many of those in the trades have aged out or left the sector permanently for other opportunities. As a nation, we need to build the next generation of skilled tradespeople. “That means recruiting more […]

Housing affordability plunged in February

The combination of rising interest rates and surging housing prices drove the most rapid decline in affordability in more than 30 years, according to First American. Researchers at the real estate services provider determined that affordability decreased 30.6% year over year in February, the largest margin since First American began tracking the metric. On a […]

Housing Affordability vs. Interest and Mortgages Rates

Today on Strictly Money, Saijal talks to David Larock, President of Integrated Mortgage Planners, on how to manage mortgages in a rising interest rate environment & solutions to housing affordability. Tune in to The News Forum for more news, updates, and in-depth interviews from a Canadian perspective w. all voices matter. Check your local listings […]

Home Affordability Tightens as Mortgage Rates Edge Up

For more than a decade, mortgage rates have been hovering at or close to record lows. However, over the last year, they have progressively edged upward. Homeowners and potential homebuyers have been sitting on pins and needles awaiting an anticipated mortgage increase. Thanks to a powerful inflation rate caused by supply chain issues, labor shortages […]