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-0.0172166427546627 -0.0100430416068865 -0.0143472022955522 -0.0124103299856527 0.000717360114777699 -0.0315638450502151 -0.071018651362984 -0.0781922525107602
Stock impact report

Housing has seen 'a historic deterioration in affordability' [Yahoo! Finance]

Federal National Mortgage Association (FNMA) 
Company Research Source: Yahoo! Finance
With the strain of higher for longer interest rates and low inventory, will there be any signs of relief? ResiClub CEO Lance Lambert joins Market Domination Overtime to give insight into the upcoming US existing home sales and the current landscape of the housing market. "We are in one of the periods with the fastest affordability strain ever, in terms of going from 2021 to now. That's a historic deterioration in affordability and that rate shock at the end, going from 3% to 4% to 5% to 6% to 7%, really just strained affordability. And so the market still doesn't have a ton of churn occurring, turnover. Think someone who has a home who's like, 'You know what, I'm going to sell this and go buy something else.' That's the piece of the market that's been missing. We still have the deaths. We still have the divorces. We still have some of the first-time home buyers out there struggling. But it's that churn that's been missing," explains Lambert For more expert insight and the latest Show less Read more
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