Home prices rise in July, but may be on the verge of cooling off
Home prices in July were 2.3% higher than the same month last year, but the monthly gain was lower than historical averages.
Source: cnbc.com
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Home prices may be on the verge of cooling off
Home prices in July were 2.3% higher than the same month last year, but the monthly gain was lower than historical averages.
Source: nbcnewyork.com
Home prices may be on the verge of cooling off
After rising steadily since January, home prices may now be turning lower again.
Source: yahoo.com
Housing affordability is now at its worst level since 1984, Black Knight says
In January 2013, the payment-to-income ratio was just 17.1%. In July 2023, it was 38%.
Source: marketwatch.com
HELOC, TPO, Home Buyer Trends, Agency Approval, CRM Products; Training and Events
The great thing about inflation is if you spend the same on groceries, the bags are lighter and easier to carry home. Restaurants and food companies react to higher prices either by reducing their portion sizes or passing the cost on to the consumer. In real estate, does the modern definition of an “affordable” house mean 350 square feet for $130,000? Lennar thinks so. Owning a home has long been considered the quintessential American dream, but even with 84 percent of Americans saying they’d like to own a home one day, 51 percent who don’t own today worry they ...
Source: mortgagenewsdaily.com