Housing affordability would've waned even without Fed tightening, study shows [Seeking Alpha]
Anywhere Real Estate Inc., (HOUS)
Company Research
Source: Seeking Alpha
Since March 2022, when the central bank embarked on its most aggressive tightening cycle in decades to lower inflation, housing affordability deteriorated significantly as higher mortgage payments dealt a blow to prospective homebuyers. Specifically, the National Association of Realtors' housing affordability index dropped nearly 30% since December 2021, the Dallas Fed paper noted, eyeing levels last seen in the late 1980s. Bear in mind, though, that a great deal of homeowners have been largely unaffected by current elevated mortgage rates. Indeed, the average homeowner paid a rate of only 3.9% as of September 2023. That's far lower than the average 30-year fixed-rate mortgage as of April 4, 2024. Importantly, "the fraction of homebuyers is small relative to the population of homeowners," the study said. Home prices, too, saw a big run-up in the face of low supply, though new listings have started to rise and home-price growth is returning to the prepandemic norm. When looking at
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HOUS
News
- Title premium volume fell 31% in 2023 [Yahoo! Finance]Yahoo! Finance
- Earnings To Watch: RE/MAX (RMAX) Reports Q1 Results Tomorrow [Yahoo! Finance]Yahoo! Finance
- Survey Data Shows an Increase in Agents Open to Changing Companies This Year - But More Coldwell Banker Real Estate Agents Plan to Stay PutPR Newswire
- Anywhere Real Estate Inc. (NYSE:HOUS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- A Connecticut home with a private FAA-approved airstrip and hangar has hit the market for $2.9 million. Take a look. [Business Insider]Business Insider
HOUS
Earnings
- 4/25/24 - Miss
HOUS
Sec Filings
- 3/19/24 - Form ARS
- 3/19/24 - Form DEFA14A
- 3/19/24 - Form DEF
- HOUS's page on the SEC website