January Rent Data: 64% of U.S. Cities Fail the Affordability Test
A NerdWallet rent-to-income ratio analysis of 225 U.S. cities finds that, in January, 64% of rents on the market were at or above the recommended 30% ratio.
A NerdWallet rent-to-income ratio analysis of 225 U.S. cities finds that, in January, 64% of rents on the market were at or above the recommended 30% ratio.
Southern California home prices fell again in November, the result of high mortgage interest rates that have sapped demand.
In these areas, homes are for sale longer, and prices are being cut more frequently. It’s the perfect time to buy a new home.Â
The average rate on a 30-year fixed-rate mortgage rose above 7% for the first time since 2002, according to a widely watched survey from Freddie Mac.
Some 45 million Americans are expected to reach the typical first-time home buyer age in the next decade, which is a fresh 34 years old. This is 7.4% more than the 41.8 million individuals currently aged 35-44, per a new analysis from Zillow. In short, this means thereâs the potential for even more demand than… Read More »Why You Might Want to Skip the Starter Home
The post Why You Might Want to Skip the Starter Home appeared first on The Truth About Mortgage.
Mortgage rates are roughly double year-ago levels but have fallen from their 7% highs. That’s providing at least some relief to potential home buyers.
Your parents’ rite of passage may not make sense for you.
After a decade of largely uninterrupted gains, Southern California home prices are now falling, the result of rising mortgage rates that have squashed demand.
Technical advances mean Zestimates are computed in nearly real time. And now data scientists, engineers and visionaries from around the world are focusing on them, too.