Source: Bankrate — In a reversal from the rapid rise in recent weeks, the average rate on 30-year mortgages dipped to 5.85 percent this week from 5.91 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised...
Source: CNBC — As many consumers struggle to make ends meet and cover the rising costs of groceries, gas and nearly everything else, about three in five U.S. consumers admit they are living paycheck to paycheck, according to a new survey. In addition, more than...
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...
