...looking beyond where they live are looking at hot job market areas, such as San Francisco. The jobs trigger a significant number of views, Zillow reported, even though affordability may...
Read More »Search Results for: Affordability
Bank of America Launches Mobile Homebuying Education Center
...specific neighborhood fits a buyer’s personal needs; A calculator to help buyers experiment with potential monthly payment scenarios, predict closing costs, and complete an affordability snapshot; financial education tools readily...
Read More »Times are Changing: Female Executives at the Forefront
...often it will offer the borrower a lower payment— not to mention long-term affordability, as the mortgage insurance is cancellable. “As we begin the looming shift from a refinance to...
Read More »Affordability is Not Dead Yet for the Working Class
Despite ongoing concerns over tight inventory and declining affordability, about 55 percent of two- to four-bedroom homes for sale in July in the 40 largest metros were both affordable and...
Read More »Confluence of Factors Keeping Home Sales Healthy
...hindered by tight inventory levels, which in turn is increasing price growth and eating into affordability prospects. According to Ten-X, July home sales would be range-bound and the latest Nation...
Read More »Lower-Credit Borrowers Heading for Outer Suburbs
...caused purchase applicants, and especially lower-credit borrowers, to seek affordability farther out.” During the boom years of the mid-2000s, 38 percent of low credit purchase mortgage applicants applied to the...
Read More »Home Value Appreciation: A Double-Edged Sword
...the condition of their local real estate market, views on homeownership, and expectations for future home value appreciation and affordability. “During the past two years, housing confidence has increased in...
Read More »Bank of America is Getting Close. . .
...gone toward home loan modifications to increase affordability. About $442 million (6.9 percent) of the relief has been in the form of loss-making loans to support affordable low-income rental housing;...
Read More »Tight Inventory Can’t Stop Pending Home Sales
...price growth and alleviate the ongoing affordability concerns,” Yun said, “the healthy rate of job gains should support more sales.” Yun also noted that the size and costs of new...
Read More »Is Home Price Appreciation Developing a New Trend?
...only 0.2 percent. This is a much more modest pace of appreciation than we’ve seen in some time and most likely reflects accumulated pressures from significantly reduced home affordability.” The...
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