The Latest Builder Trend: Smaller, Less Expensive Homes

Even though affordability is improving, buying a home can still feel tough right now.

Even though affordability is improving, buying a home can still feel tough right now.
You may be wondering if home prices are going to crash.
Even though asking home prices rose 7.0% in the last year, outpacing rent increases of 3.2%, the gap between buying and renting has narrowed only slightly. One year ago, buying was 46% cheaper than renting. Today’s it’s 44% cheaper to buy versus rent. In fact, homeownership is cheaper than renting in all of America’s 100…
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates.
Equity is the difference between what your house is worth and what you still owe on your mortgage.
This could be the year to sell your house – and here’s why.
For the past few years, it’s been mostly a seller’s market. But dynamics are shifting as the number of homes for sale grows.