Affordability is based on three key factors: mortgage rates, home prices, and wages.
That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments.
Even though affordability is improving, buying a home can still feel tough right now.
Since the supply of homes for sale is growing and mortgage rates are coming down, you may be thinking it’s finally your moment to jump into the market.
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years.
In recent years, there’s been a significant shift in how wealth is distributed among generations.
Over the past couple of years, a lot of people have had a hard time buying a home.
If you’re planning to sell your house and move, you probably know there’s been a shortage of options available.
Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability.
With all the headlines and talk about housing affordability, it can be tempting to get lost in the financial side of buying a home.
Did you know the equity you have in your current house can help make your move possible?
Over the past year or so, a lot of people have been talking about how tough it is to buy a home.