With the affordability issue lingering for most prospective buyers, Louis Zitting of MonitorBase discusses remedies to overcome some of the hurdles thrown in the path to homeownership.
Read More »Renting Remains Most Affordable Option in Major Metros
In 38 of the 50 largest U.S. metros, the monthly cost of renting a home is lower than buying a starter home. The median listed rent across these 50 analyzed metros was $1,876, growing by 14.1% during June 2021.
Read More »Playing the Waiting Game
When it comes to housing affordability, sometimes sitting on the sidelines can benefit prospective buyers, as First American Deputy Chief Economist Odeta Kushi explains.
Read More »Mortgage Application Volume Falls to 22-Year Low
The MBA reports overall mortgage app volume slid 6.5% week-over-week, with buyers continuing to be shunned by a combo of high rates and prices, amid slowly rising inventory.
Read More »Housing Starts Decline Slightly in April
The rise in mortgage rates and inflationary concerns are impacting new residential construction, as borrower costs continue to force many prospective buyers to the sidelines.
Read More »Game of Homes
As the quest for the American Dream continues, homebuyer competition intensifies amidst rising rates, record high prices, and insufficient inventory.
Read More »Existing-Home Sales Fall for Second Consecutive Month
The rise in interest rates and inflationary pressure have taken a toll on home purchases, as the sale of existing homes continues to slide.
Read More »Affordability Issues Remain an Obstacle for Homebuyers
According to a new survey from TD Bank, America's Most Convenient Bank, first-time homebuyers are feeling anxious and unprepared in this highly competitive housing market. TD's First-Time Homebuyer ...
Read More »Big Tech Cities Dominate January’s Top Rental Markets
The U.S. median rental price surged nearly 20% in January, outpacing monthly starter homeownership costs in a majority of large metro markets.
Read More »First-Time Buyers Utilizing Stimulus for Down Payments
Nearly one in four survey respondents said stimulus payments during the pandemic has helped fund their down payment.
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