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Homebuilders Keep a Steady Pace as the Market Cools

Pro Builder

As mortgage rates quell heated competition and elevated buyer demand for existing homes, builders are finding ways to offer affordability to a more budget-conscious consumer base. The housing market is cooling, asking prices are dropping, and inventory is on the rise across the U.S., Read more. ">. New-Construction Projects.

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Pros and Cons of Buying a Home During a Recession

Pro Builder

If a recession materializes in the year ahead, experts anticipate even higher interest rates, a floor on pricing decreases, and potential income changes, but for priced out buyers, a sudden slowdown could also mean significant price drops and less competition, Forbes reports.

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How a Housing Shortage and High Prices Are Hurting the Middle Class

Pro Builder

Home prices are quickly exceeding home buyer budgets as limited inventory pushes affordability further out of reach. Buyers with a household income between $75,000 and $100,000 are limited to roughly 51% of total homes listed for sale, compared with 58% in 2019. Tue, 02/08/2022 - 11:22. Affordability. Market Data + Trends.

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Here Are the Most and Least Affordable Housing Markets in December 2022

Pro Builder

metros are home to skyrocketing prices and waning housing inventory, while others offer first-time buyers an affordable entrance into the for-sale market. Luckily, a few affordable metros are still offering budget conscious buyers and first-time house hunters a viable starting point in the race to homeownership. Some major U.S.

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10 Most Affordable Metros for First-Time Buyers in 2023

Pro Builder

With rising shares of home price reductions, high relative housing supply, and mortgage and rent affordability, these metros offer a starting point for budget-conscious first-time homebuyers. Thu, 12/08/2022 - 10:18.

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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. metros, homes remained five times more expensive than the average first-time buyer income, reports NerdWallet. times median first-time buyer income in the fourth quarter. Read More. .

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How Affordable Are Homes For First-Time Buyers?

Pro Builder

If rising prices, historically low inventory, an entire pandemic, and record unemployment did not keep first-time buyers away, will anything? NerdWallet was able to analyze home affordability for first-time buyers by analyzing median income for the 25 to 44 age range compared to listing prices, which gives them an affordability ratio.

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