Affordability issues for homeowners and renters are creating an economic crisis that is not being easily solved with new construction, according to “The State of the Nation’s Housing 2024” report published by the Joint Center for Housing Studies of Harvard University....
Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of June 20, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.67%....
Pennsylvania’s median home sales price reached $295,000 last month, according to data from the Pennsylvania Association of Realtors (PAR). This marks a 5% increase from the $280,000 sales price in April and an 8.2% upswing from $273,000 in May 2023. “Home sales...
A home buyer making the median income will need to put down nearly $127,750, or 35.4%, to afford a typical U.S. home valued at about $360,000, according to a data analysis from Zillow (NASDAQ:Z, ZG). In some markets, the costs are more burdensome. For example, a...
Mortgage application activity inched up last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis week-over-week, while the...
Howard Amster Discloses 9% Stake in Redwood Trust as Sale Pressure Builds
