Home >> Tag Archives: Affordability (page 20)

Tag Archives: Affordability

The Housing Survey Says . . .

A new survey looked at what the industry ranks as the biggest roadblocks for first time home buyers. However, it’s not all doom and gloom, as it outlines how to mitigate buyer concerns.

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Rising Insurance Costs Negatively Impacting Home Affordability

Two primary reasons are cited as to why the industry is raising prices so rapidly. One, the frequency of large storms is increasing. Two, the cost of covering the insured damage from these storms is also rising. What is less well-known is the proverbial “rest of the story.” The rest of the story is how these rapid increases in insurance prices have hurt consumers and benefited the industry.

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Mortgage Payments Unaffordable in Most U.S. Markets

Today’s ever-increasing home prices have made their mark: Buying a home is now unaffordable in more than half of the nation’s biggest markets. And in California? The straits are even more dire. According new analysis, the median price of homes for sale is historically higher than average in the majority of America’s largest metros, meaning buyers need to devote a larger-than-expected share of income toward mortgage payments and, more significantly, down payments.

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