Tag Archives: housing affordability

Consumer attitudes about housing market reach a 2-year low

Homebuying sentiment cratered to a two-year low in April, with over three-fourths of consumers indicating that it was a bad time to make a purchase, according to researchers at Fannie Mae.  Fannie Mae’s Home Purchase Sentiment Index, or HPSI, which is based on surveys of U.S. consumers that cover opinions about the buying and selling […]

South Florida rents top New York area after highest rent increases in the country

The South Florida region saw the highest rent increases in the country in the past year, with some rents more than doubling. The median rent in the tri-county area jumped 57% from March 2021 to March 2022, according to the latest data from realtor.com. The region had the highest rent increases out of the 50 […]

Home inventory won’t return until at least 2024: Zillow

It will take several years before the supply of homes for sale returns to pre-pandemic levels, but the market will likely get t. by the end of 2024, according to the majority of experts surveyed by Zillow. Meanwhile, the share of purchases from first-time home buyers, which diminished in ongoing market conditions marked by record […]

Atlanta homes have become unaffordable, Fed data show

The cost of buying a home in metro Atlanta is now officially considered to be unaffordable, according to the Federal Reserve Bank of Atlanta. The branch’s Home Ownership Affordability Monitor, uses median income for the area, home prices and interest rates to calculate the feasibility for residents to purchase a home. The annual mortgage payment […]

Canadian housing market to cool down in 2022, Royal LePage

Home prices increased by 25 per cent year-over-year last spring, creating bidding wars in cottage country and major urban centres. However, one of Canada’s largest real estate firms is predicting a cool-down in the housing market. Royal LePage estimates home prices will only climb 16 per cent in the fourth quarter of 2021, pushing the […]