You Searched For "mortgage affordability" and got 20 results
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1 min read
Florida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says
Homebuyer cancellations are cropping up in Florida after a meteoric rise in home prices.
Jennifer Sor
2 mins read
3 signs the housing market's affordability recession is finally ending
The housing market will see a rolling recovery as supply, price growth, and sales slowly improve, C…
Filip De Mott
1 min read
Why America's housing-affordability crisis will continue through at least 2026, according to BofA
Pandemic-induced price appreciation will continue until at least 2026, Bank of America said.
Filip De Mott
3 mins read
A boomer living on $1,680 Social Security and SNAP struggles to afford food: 'It has kept me very isolated.'
Rita, 68, lives in Pekin, Illinois on $1,680 a month in Social Security. Without savings, she strug…
Allie Kelly
2 mins read
The delayed effect of mortgage rates means housing affordability is actually about to get worse
"Affordability is still very challenged and now it's started to get worse again," according to a Mo…
Jennifer Sor
1 min read
Housing affordability has improved, but not by much
Buyers need to earn $114,000 a year to afford a median-priced home, 35% above the median household …
Yuheng Zhan
3 mins read
How the Canadian mortgage model could help unfreeze the housing market
Allowing people to keep cheap mortgage rates when they move home could boost listings and transacti…
Theron Mohamed
3 mins read
It might be your fault you can't afford a house, says finance guru Dave Ramsey
Record prices and steeper mortgage rates are a pain, but debt-fueled overspending is stopping some …
Theron Mohamed
2 mins read
People are forking out record $2,800 a month on average just to cover their mortgage payments
The median monthly mortgage payment jumped 11% in the past year due to surging interest rates and s…
Theron Mohamed
2 mins read
Mortgage rates spike above 7% for the first time this year as the market adjusts to delayed Fed cuts
March saw the largest monthly drop in existing home sales in over a year, the National Association …
Yuheng Zhan
4 mins read
I lived in 2 big cities before moving back to my hometown. I can finally afford a home — and I got paid $5,000 to do it.
A 32-year-old software developer lived in Nashville and Atlanta before moving to a smaller city nea…
Jordan Pandy
3 mins read
The growing reason people can't afford to own a home
The climate crisis is leading many insurance companies to raise homeowner premiums.
Allie Kelly
1 min read
30-year mortgage rate rises to the highest level in 2 months
The hot CPI report for January weighs on outlooks for lower mortgage rates in the near term, as the…
Yuheng Zhan
3 mins read
A Gen Xer relocated from Austin to rural Arkansas thanks to a $16,000 mover incentive that helped pay his mortgage. Now he's enjoying the 'good, hometown living.'
Britt Lorino, 55, relocated to Arkansas after living most of his life in Austin. The county's mover…
Allie Kelly
5 mins read
I'm a multimillionaire who chooses to rent rather than buy a house. I'm glad I'm not wasting money on a mortgage.
Tori Dunlap, a 29-year-old millionaire and financial expert, explains why she opts to rent rather t…
Jane Zhang
4 mins read
Meet a baby boomer who will never retire because she has terminal cancer and can't afford to live off $1,800 in monthly Social Security
Mary, 68, was planning on retiring no later than 2025. Now, she said she'll work until she dies.
Juliana Kaplan
2 mins read
Home builder confidence just dropped for the first time in 2023 as spike in mortgage rates further dents affordability
The share of home builders cutting prices climbed to 25% in August, while mortgage rates jumped to …
Phil Rosen
3 mins read
I was a single mom and learned how to grocery shop on a budget. I meal-plan on the fly based on sales and still afford occasional treats.
When I was a single mom I learned how to grocery shop on a tight budget while still buying healthy …
Ashley Archambault
2 mins read
The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to come, FHFA says
Unless mortgage rates fall significantly, the "lock-in" effect pushing up home prices will last a l…
Jennifer Sor
2 mins read
Home prices likely to keep rising even as lower mortgage rates bring more supply, according to BofA
Existing and new home prices diverged in 2023, as the lack of home sellers kept properties off mark…