Home Affordability Drops To A Record 35-Year Low According To Black Knight Inc

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In: New Home Mortgage News

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With the typical rate for a 30-year fixed mortgage ascending to 5.89% this week, the most significant level starting around 2008, home affordability has tumbled to another 35-year low, Dark Knight Inc. said Thursday. The mortgage innovation and information supplierContinue Reading

Due to FED Action Anticipation, Mortgage Rates Rise Resulting in Less Housing Affordability

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In: Mortgage News

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Last updated on December 26th, 2022 at 09:34 pmIncreasing home loan rates are making purchasing a home more expensive, yet request is as yet blasting as individuals desire to make a buy before the Federal Reserve climbs financing costs. ContractContinue Reading

Home Affordability A Challenge for Many Americans

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In: Realtor News

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Where home is a place to put up your legs and relax we have a new report from LendingTree showing how this shortage of affordable housing has become a serious challenge in the Country.  According to the latest report, 69Continue Reading

Addressing the Home Affordability Crisis

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In: New Home Mortgage News

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Home affordability in the United States has dropped to its lowest level in 13 years, a recent data states that the median household compared to 2008, now needs close to 32% more income to cover mortgage payments. According to theContinue Reading

A Company Has A Solution On Housing Affordability

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In: New Home Mortgage News

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Cyril Berdugo along with co-founder Tom Petit the co-founder and co-CEO of tech start-up Landis founded the company in 2018, and they believe they have an answer to the housing affordability crisis. Berdugo feels that the affordability crisis is notContinue Reading

It Is Not Very Easy To Afford Home With The Current Inventory And Shooting Price

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In: Realtor News

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A new analysis shows that homeownership is now out of reach for most people in more than 4 counties out of 10 across the U.S. Attom Data Solutions, a provider of property data tracked that the home prices jumped moreContinue Reading

With Affordability Problem Home Prices Still Rising

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In: Mortgage News, New Home Mortgage News

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Last updated on February 3rd, 2021 at 11:05 amAccording to Chief Economist of Redfin, Daryl Fairweather’s statement in a press release, “Home price growth this high is making the housing market especially difficult for first-time homebuyers right now.  Rising prices areContinue Reading

Housing Market Is Most Affordable

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In: New Home Mortgage News, Realtor News

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Last updated on February 2nd, 2021 at 06:11 pmAccording to Black Knight, as mortgage rates revolved up and down of 3% in July, homebuyers received their biggest boost in affordability in three-and-a-half years.  The purchasing power went up by 10%Continue Reading

Gain In Second Quarter of 2020 for US Home Affordability

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In: Mortgage News, New Home Mortgage News, Realtor News

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Last updated on February 2nd, 2021 at 04:36 pmCurator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), released their second-quarter 2020 U.S.  Home Affordability Report. The report showed that median home prices of single-family homes andContinue Reading