Is 45 the new 30 for measuring homebuyer affordability?

The ‘30% rule’ may be a thing of the past
Case-Shiller and FHFA indexes reveal a ‘housing market in transition’

April’s slowing home price growth showed notable cooling in Sun Belt states
Another Fed governor voices support for potential July rate cut

Michelle Bowman is in favor of a rate cut as long as inflation pressures remain contained
After months in decline, existing home sales rise slightly

‘Relatively subdued sales’ continue due to persistently high rates, NAR reports
Suburban self-storage building boom at ‘breakneck speed’

Sun Belt states, such as Florida and Texas, lead the way in storage capacity growth
Home flips hit lowest volume since 2018

Home flipping profits continued a downward trend in the first quarter
Weekly mortgage applications fall on economic volatility

International conflicts and tariff uncertainties discouraged potential home buyers
HUD reports five-year low for housing starts

May housing starts were down 10% month over month, driven by a sharp dip in multifamily construction
Builder sentiment dips to third-lowest mark since 2012

Despite price cuts, prospective homebuyers are ‘moving to the sidelines’: NAHB
Mortgage demand for new homes evaporates in May

Prospective buyers stayed away in May following an April surge: MBA survey