# Housing affordability
Housing Affordability Hits 35-year Low
Get Connected To a GREAT Real Estate Agent in Your Area (ad): <a href="https://homeandmoney.com/jason">https://homeandmoney.com/jason</a> *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may include affiliate links (if you purchase anything through these affiliated links, the author may earn a commission).
Homebuyer Cancellations Surge & Housing Affordability Declines Further
Get Connected To a GREAT Real Estate Agent in Your Area (ad): <a href="https://homeandmoney.com/jason">https://homeandmoney.com/jason</a> *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may include affiliate links (if you purchase anything through these affiliated links, the author may earn a commission).
As housing affordability worsens, what will it take for Atlanta to better use residential space?
A Place Properties home being dropped onto a foundation in English Avenue.(Credit: Lydia Mayfield Photography) When Atlanta Civic Circle reported on metro housing leaders’ visions for denser, more diverse, and, therefore, more affordable residential communities this time last year, it gave public officials plenty of food for thought—and even some explicit legislative proposals.
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Fannie Mae’s 2022 Housing Market Forecast
Economic growth is expected to slow and housing affordability could reach the lowest levels since 2008, according to a press release from Fannie Mae. They downgraded their expectations for 2022 real GDP growth from 3.1 percent to 2.8 percent due to expectations of rate increases by the Federal Reserve and “worker scarce labor market”. Housing affordability is expected to drop to 2008 levels due to rising mortgage interest rates and higher home prices. Get Connected To a GREAT Real Estate Agent in Your Area (ad): <a href="https://homeandmoney.com/jason">https://homeandmoney.com/jason</a> *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may include affiliate links (if you purchase anything through these affiliated links, the author may earn a commission).
US Housing Affordability Drops to the Lowest Levels Since 2008
Housing affordability hasn’t been this low since 2008! This is according to a new report from data analytic giant, Black Knight. Meanwhile we are “missing” up to 750k homes for sale in the US which is causing a severe imbalance between supply and demand. Additionally, mortgage interest rates have been skyrocketing to nearly 4% for a 30 yr FRM. That’s up over 1% in mortgage rates since August 2021. It appears buyers and homeowners are feeling the pinch because according to the Mortgage Bankers Association, they announced on 2/9/22 that mortgage applications fell 8% last week. That was driven by a lower share of mortgage loan refinances. Get Connected To a GREAT Real Estate Agent in Your Area (ad): <a href="https://homeandmoney.com/jason">https://homeandmoney.com/jason</a> *** Jason Walter, CPA (lic 103885); Sacramento real estate agent and native; Realty ONE Group Complete (DRE 01923240). This post may include affiliate links (if you purchase anything through these affiliated links, the author may earn a commission).