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Stock impact report

Home affordability is slipping further away for first-time buyers [Yahoo! Finance]

Federal Home Loan Mortgage Corporation (FMCC) 
NASDAQ:AMEX Investor Relations: freddiemac.com/investors
Company Research Source: Yahoo! Finance
This is up from 3.0 in 2013. FTB affordability was further worsened by rising mortgage rates, which averaged 6.8% in 2023 compared to 4.0% in 2013,” according to the American Enterprise Institute A report by AEI examined 60 of the most populated metros in America and found that the Midwest and South outranked the West and the coasts in terms of affordability. Top 5 best metros for new homebuyers and their FTB affordability ratios: Pittsburgh, Pennsylvania — 2.5. Cleveland, Ohio — 2.7. Oklahoma City, Oklahoma — 2.9. Omaha, Nebraska — 3.0. Detroit, Michigan — 3.0. Top 5 worst metros for new homebuyers and their FTB affordability ratios: San Jose, California — 4.8. Salt Lake City, Utah. — 4.7. San Francisco, California — 4.6. Los Angeles, California — 4.5. San Diego, California — 4.4. Salt Lake City has been competing with San Jose for the top ranking in the last few years. Following the 2020 COVID-19 pandemic, the Utah capital was hailed as the least affordab Show less Read more
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