The Top 3 Reasons Affordability Is Improving

Affordability is based on three key factors: mortgage rates, home prices, and wages.

Affordability is based on three key factors: mortgage rates, home prices, and wages.
Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.
If you’re looking to buy a home, you probably want to secure the lowest interest rate possible for your home loan. Over the last couple of years, that was easier to do as the housing market saw record-low mortgage rates, but this year rates have risen dramatically. If you’re looking for ways to combat today’s…
From my monthly report from Credit Suisse and their survey of real estate agents nationwide on what they’re seeing in the marketplace, another solid indicator of how quickly the market has turned around. Traffic levels exceeded agents’ expectations in the region during the month of May, and 88% of agents reported that home prices increased…
Some Highlights If you’re wondering what a potential recession could mean for the housing market, here’s what history tells us. In four of the last six recessions, home prices actually appreciated, only falling during the early 90s and the housing crash in 2008. Mortgage rates, though, declined during each of the previous recessions. If you…
Owning a home comes with many benefits, both non-financial and financial.
There’s one big mistake you need to avoid when you sell your house this year: setting your price too high.