...purchasing an average house with a 30-year FRM now faces a monthly payment of $2,020 versus $1,400 a year prior, thus deepening affordability concerns for most looking to jump into...
Read More »Search Results for: Affordability
Homebuyers Find More Options in Fall
...continue to feel the effect of uncertain economic conditions. Potential buyers will face the affordability challenges that have made way for the recent real estate refresh. Despite this, the typical...
Read More »Building Generational Wealth by Lowering the FHA’s MIP
...struggling with affordability, as continued inflationary concerns and erratic mortgage rates are causing major affordability concerns for the nation’s home buyers. “Sharply higher mortgage rates and rising home prices mean...
Read More »Higher Mortgage Rates Push Refis Down More Than 80% YoY
...the week prior. While rates rose and apps dipped, housing affordability hit another low for first-time buyers during Q2 of 2022 according to a recent NerdWallet report. Despite a rise...
Read More »Mortgage Credit Availability Falls in August
...NerdWallet recently reported that Q2 housing affordability continued to tumble, despite inventory on the rise. This was attributed to the combination of climbing list prices and still stagnant wages means...
Read More »Home Affordability Hits Another Low in Q2
...due to tempered demand due to higher mortgage rates. In addition, home affordability hit another low for first-time buyers during the second quarter of 2022; though inventory was up, the...
Read More »Lock Volume Plummets Nationwide on Rising Rates
...levels in more than four years July marks the second consecutive month that the number of purchase locks has fallen below pre-pandemic levels amid affordability headwinds The average purchase price...
Read More »Recession Perception Increasingly Affecting Homebuyers
...homes in other states and smaller towns in a search for affordability. 40.5% of all buyers and 45.3% of first-time buyers believe the U.S. is currently in a recession, and...
Read More »Market Trends: Where’s the Best State to Retire?
...on costs of living, public health and other metrics. Bankrate looked at five broad categories: Affordability Wellness Culture Weather Crime Bankrate then placed the heaviest weighing on affordability. Home prices...
Read More »House-Hunting Process Wearing on Renters
...rentals and setting expectations, renters should start with a rent affordability calculator to figure out their ideal price range. They should set search parameters within that budget, and also use...
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