Faris Realty

A family earning $75,000 can afford 23% of homes for sale. Five years ago, they could afford 50% of listings. Middle-income borrowers are finding homeownership increasingly out of reach.

Thirty One Percent of U.S. Metros Had Home Price Declines in Early 2023 According to the National Association of Realtors' latest quarterly report, nearly seven out of 10 U.S. metro markets registered home price gains in the first quarter of 2023, as 31% of U.S. markets experienced home price declines in the first quarter.

Fed's 50 bps rate hike could trigger falling mortgage rates The slimmed-down 50 bps Fed rate hike is good news for the housing industry, as it's likely to trigger a fall in mortgage rates.