Affordability is based on three key factors: mortgage rates, home prices, and wages.
Browsing Category: Affordability
Affordability / For Buyers / Home Prices / Inventory / Mortgage Rates
Buying Beats Renting in 22 Major U.S. Cities
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.
Affordability / For Buyers / New Construction
The Latest Builder Trend: Smaller, Less Expensive Homes
Even though affordability is improving, buying a home can still feel tough right now.
Affordability / Buying Tips / For Buyers / Mortgage Rates
Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List
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.
Affordability / Mortgage Rates
What Mortgage Rate Are You Waiting For?
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.