It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage.
The 2019 Q3 homeownership rate of 64.8 percent was 0.7 percentage points higher than the rate in Q2 2019 (64.1 percent).
When you look at home prices, interest rates and wages, you get the real picture of home affordability.
So, what’s the #1 reason to list your house in the winter? Less competition.
Though the price of homes may still be rising, the cost of purchasing a home is actually falling. The X-Factor = Mortgage Rates.
In the most recent Apartment Rent Report, RentCafe explains how rents have continued to increase over the last twelve months because of a large demand and a limited supply.
The lack of knowledge about the home-buying process is, unfortunately, keeping many motivated buyers on the sidelines.
If you don’t own a home, buy one. If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.
When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable.
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound.