According to the First American Real House Price Index, housing affordability dropped to its lowest point in more than three decades, with home prices jumping 2% from June.
Read More »Where Will Mortgage Rates Be at the End of 2023?
As the average 30-year fixed mortgage rate nears 8%, new commentary from First American Chief Economist Mark Fleming details the predictions of where mortgage rates will end up throughout the remainder of the year.
Read More »Slowing House Price Appreciation Expected to Continue
Having slowed from recent peaks, house price appreciation in all top 50 markets analyzed in the latest study from First American revealed the housing market is adjusting to the decline in affordability as the hot pandemic sellers’ market transitions in favor of homebuyers.
Read More »Consumer Home Buying Power Receives a Boost
While home prices reported an increase over the past month, home buyers gained more power during the spring buying season.
Read More »Will Rising Incomes Offset High Borrowing Costs?
Rising household incomes are more than likely to offset the effects of higher borrowing costs because of rising interest rates, according to data of The Real Home Price ...
Read More »The Cascading Effect of Wages on Home Affordability
The rise in jobs and wages reported by the bureau of labor statistics in late January is affecting the housing market in good ways and bad, according to ...
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