Tag Archive for ‘housing affordability’

Share of Buyers Expecting Housing Availability to Improve Rises to Highest 1st Quarter Reading in Three Years

According to the latest Housing Trends Report (HTR), the share of prospective home buyers expecting their house search to get easier in the months ahead rose to 25% in the first quarter of 2020, up from 16% and 22%, respectively, in the first quarters of 2018 and 2019. This rise marks the third consecutive year-over-year increase in the share of… Read More ›

Los Angeles Takes Top Spot as Nation’s Least Affordable Housing Market

San Francisco, which has been the nation’s least affordable major housing market for the past two years, was supplanted by Los Angeles in the fourth quarter of 2019, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). In all, 63.2 percent of new and existing homes sold between the beginning of October and end of… Read More ›

Time Spent Searching for a Home is Rising

Of the 11% of American adults considering a home purchase in the final quarter of 2019, only 43% reported being actively engaged in the process to find and buy a home.  A year earlier, the comparable share of active buyers was a much stronger 54%.  This finding suggests that mortgage interest rates steadily below 4.0% in recent months have not… Read More ›

Lot Shortages Ease Slightly, But Remain a Problem

The shortage of lots that has been hindering the housing recovery eased somewhat in 2019, but remains elevated by historical standards, according to a recent survey conducted by the National Association of Home Builders (NAHB). The survey consisted of a set of special questions included on the instrument for the September 2019 NAHB/Wells Fargo Housing Market Index (HMI). The survey asked… Read More ›

Fixed-Rate Mortgage Activity Shows Upswing

The Mortgage Bankers Association’s Weekly Application Survey, for the week ending November 8, 2019, showed a 5% increase in its Purchase Index and 13% increase in its Refinance Index from a week earlier on a seasonally adjusted basis. This increase occurred despite the slight increase in the 30-year fixed mortgage rate to 4.03%, thus reflecting growing optimism concerning the economy… Read More ›