How much do you need to earn annually to afford a house in Los Angeles?
You need to make more than $220,000 a year now to afford a house in Los Angeles, thanks to rising mortgage rates and inflation.
Rising mortgage rates
Builders pull back on single-family construction in most counties
Single-family building in large metro outlying counties and exurban areas has waned in the last 12 months, according to the NAHB HBGI for the third quarter of 2022.
How the housing market will evolve in 2023
The unrelenting Fed policies to combat inflation will eventually instigate an economic recession sometime in 2023.
Local Housing Markets: Louisville, Reno and San Diego
Local markets is a HousingWire magazine feature spotlighting housing trends in five markets across the country.
Guaranty Home Mortgage hires EVP to expand retail channel
Andy Voyles, EVP and director of retail lending, is tasked with overseeing sales, operations and marketing for Guaranty Home Mortgage’s retail operation.
Housing inventory falls under 1M again as sales collapse
Total housing inventory levels broke under 1 million in December, dropping to 970,00 units for a population of 330 million people.
7 Real Estate Trends to Watch for in 2023
There have always been long-standing rules about real estate ownership, including the three most important ones: location, location, location. But the one constant about real estate investing is that nothing ever stays the same. Even the location rule, because preferred locations change from year to year, and certainly from generation to generation. After the 2020 […]
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Will Housing Prices Continue to Drop?
The housing market changed this year. After 10 years of appreciation, the rapid growth of home prices is screeching to a halt.
Pay or pause? Financial experts sound off on paying student loans during the repayment freeze
During the pandemic payment pause, you should slay bills and/or increase your savings. The repayment holiday is not for frivolous spending.During the pandemic payment pause, you should slay bills and/or increase your savings. The repayment holiday is not for frivolous spending.
The post Pay or pause? Financial experts sound off on paying student loans during the repayment freeze appeared first on Money Under 30.
How rapidly rising mortgage rates are squeezing prospective homebuyers: ‘Do the math’ – ABC News
How rapidly rising mortgage rates are squeezing prospective homebuyers: ‘Do the math’ ABC News