Tag Archives: home prices

Interest rate hikes keep Miami the least affordable city in the nation

By | | Uncategorized
Comments Off on Interest rate hikes keep Miami the least affordable city in the nation

Buyers would have to spend 86 percent of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop. Continue reading →

As recession looms, consumers see tide turning in favor of homebuyers

By | | Uncategorized
Comments Off on As recession looms, consumers see tide turning in favor of homebuyers

Fannie Mae finds 81 percent of Americans think the economy is on the wrong track, but the share of consumers who think it’s a good time to buy ticked up in June. Continue reading →

Mortgage rates easing on recession fears, but homebuyers not biting

By | | Uncategorized
Comments Off on Mortgage rates easing on recession fears, but homebuyers not biting

Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren’t rushing to apply for loans, according to a weekly survey of lenders. Continue reading →

Wary sellers back off asking prices in June housing slowdown

By | | Uncategorized
Comments Off on Wary sellers back off asking prices in June housing slowdown

The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market. Continue reading →

Making $67K? That’s no longer enough to buy the typical US home

By | | Uncategorized
Comments Off on Making $67K? That’s no longer enough to buy the typical US home

The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Continue reading →

Homebuyers are beginning to seek smaller mortgages as rates rise

By | | Uncategorized
Comments Off on Homebuyers are beginning to seek smaller mortgages as rates rise

As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Continue reading →

Why your next CMA will probably flop

By | | Uncategorized
Comments Off on Why your next CMA will probably flop

As the market shifts, relying on data that is 60 to 120 days old just won’t cut it. Coach Bernice Ross offers tech tools to help you create more timely and accurate CMAs. Continue reading →

When exactly was the turning point for home price growth?

By | | Uncategorized
Comments Off on When exactly was the turning point for home price growth?

At the year’s outset, housing experts wondered when the market’s rapid price growth might begin to slow. New data from S&P CoreLogic Case-Shiller Home Price Index provides fresh clues. Continue reading →

Home affordability hits 15-year low, passing ‘inflection point’ for buyers

By | | Uncategorized
Comments Off on Home affordability hits 15-year low, passing ‘inflection point’ for buyers

An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow. Continue reading →