Source: Calculated Risk Blog — I’ve put together my own affordability index – since 1976 – that is similar to the FirstAm approach (more of a house price index adjusted by mortgage rates and the median household income). I used median income from...
Iowa is the state most affordable to purchase a property — the median house price sits at 3.10 times the average household income Hawaii is the most expensive place to buy a property in the U.S. right now — the median property is 10.77 times higher than...
Source: Scotsman Guide —Â The S&P CoreLogic Case-Shiller National Home Price Index registered a 20.4% annualized gain in April, down slightly from the 20.6% growth in March as stubbornly growing home prices finally saw a slight deceleration. The slowdown in...
Source: WSJ — Rachel Dees has always loved outdoor activities, such as mountain biking, rock climbing, skiing and fly fishing. What she didn’t like, however, was the three-hour drive to the mountains from her home outside Seattle. So, after waking up one...
Source: Realtor — Do you know how much an average real estate agent commission is? Or who pays real estate agent fees and closing costs? If you’re scratching your head, you’re not alone: More than half of Americans don’t know what the average real estate agent...
Source: Keeping Current Matters — There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
