A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports

A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports

Feb. 9, 2023 (Staff Writer)- A rapid rise in mortgage interest rates depressed housing affordability in California during the fourth quarter of 2022 and pushed the statewide affordability index for an existing, single-family home to 17 percent, just above the 15-year...
Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data

Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data

Feb. 9, 2023 (Staff Writer)- Homebuyer.com, the mortgage company for first-time home buyers, ranks home affordability in more than 800 U.S. cities using real-time mortgage and housing market data.   Using public and private data sources, Homebuyer.com performed...