Housing affordability

The slowdown in new single-family construction is one of several headwinds homebuilders find themselves facing this summer.

A larger share felt it was a bad time for both buying and selling, but a growing number expect price growth to slow.

Suburban pushback against a proposal that would have loosened regulations of new units in New York State led to its removal from the state budget.

While the median income rose 1% over the last year, the median price of a home rose a staggering 25%, according to the the Federal Reserve Bank of Atlanta.

The share of borrowers who thought it was a good time to buy hit an all-time low, according to Fannie Mae.

Home prices grew at a record annual pace in April but indicators of a possible slowdown popped up in May, Redfin noted.

The increase won’t hurt the incentive for the average home shopper, but it means those who were looking to “buy the dip” in prices amid the pandemic may have missed their chance.

With a dearth of inventory, September generated the largest price growth in the housing market since May 2014, according to CoreLogic.

Low mortgage rates and strained supply drove the housing market price growth to a 26-month high in August, according to CoreLogic.

A survey conducted throughout the second quarter found knowledge gaps based on race and income.