Builders Are Building Smaller Homes

There’s no arguing it, affordability is still tight.

There’s no arguing it, affordability is still tight.
When it comes to the current housing market, there are some myths circling around right now.
Affordability is based on three key factors: mortgage rates, home prices, and wages.
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.
It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your…
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand.