As housing costs continue to surge and prospective buyers back out of home purchases, fears of a recession are mounting, and mortgage application activity is falling as a result
NAHB Policy Briefing: Now that the Inflation Reduction Act is law, home builders see a mix of benefits ... and drawbacks; mortgage rates rise while housing affordability sees further decline
Over the last four quarters, the share of new-home sales financed with conventional loans has climbed by 4.3 percentage points, while the Federal Housing Authority’s market share has dropped 6.2 percentage points
Some homebuyers who are unable to secure traditional mortgages are taking a risk and turning to alternative financing options that lack consumer protections