The latest adjustment marks the lowest a typical payment has been in six months — and, with a mere 1 percent month-over-month increase, the smallest…
Posts published in “homebuying”
Rescuing the American Dream through smart tax incentives
By The Citizen on August 15, 2024
Industry veteran Alex Perriello says that to fix the affordability problem in America, agents need to get involved, and smart tax incentives need to be offered. …
Teacher rental affordability remains below pre-pandemic levels
By The Citizen on August 14, 2024
Teachers can now afford 47.9 percent of rental apartments within commuting distance of their schools, an increase from 40.7 percent the previous year, Redfin reported…
Amazon debuts trio of tiny homes in face of home affordability crunch
By The Citizen on August 13, 2024
The “Prefab Hiking House” series of homes designed by OneSpaceHub includes a split-level 40-foot property featuring a sun deck for $48,000 and a single-story home…
What the presidential candidates plan to do about affordable housing
By The Citizen on August 9, 2024
Housing affects every aspect of American life, Rachael Hite writes. This election, discover how each presidential candidate plans to reshape housing. Source: Inman News
‘Hidden’ homeownership costs locking potential buyers in place
By The Citizen on August 7, 2024
Households have deferred moving, partially due to high “hidden” homeownership costs such as property taxes, insurance and climate change, according to a report. Source: Inman…
Younger homebuyers say they’d sacrifice safety for affordability
By The Citizen on August 5, 2024
Despite safety ranking high on the list of homebuyer concerns, many house hunters say they’re willing to consider purchasing in a high-risk area in exchange…
High mortgage rates cool down prices in these US metros
By The Citizen on August 2, 2024
Home prices and sales have declined as the demand from all buyers, including investors and buyers interested in building homes, has cooled, according to a…
June saw a 4.8% uptick in pending home sales
By The Citizen on July 31, 2024
The Pending Home Sales Index (PHSI) rose to 74.3 in June, while pending sales were down 2.6 percent year over year. Source: Inman News
Housing inventory growth doesn’t guarantee greater affordability
By The Citizen on July 30, 2024
In June, five of the top U.S. markets showed some improvement in housing affordability and supply year-over-year, according to First American’s Real House Price Index,…