First Time Home Buyers
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Home affordability hit an all-time high during the end of 2010. It’s been a completely different story since. Home affordability is a function of really only three things: home values, mortgage rates and the median income.
Continue Reading →Home affordability reached an all-time high in 2010′s last quarter. Unfortunately for home buyers, it’s been a different story since, however.
Continue Reading →Low mortgage rates and low home prices drove home affordability to all-time lows last quarter.
Continue Reading →Prior to 2009, the Home Opportunity Index rarely topped 65. The index has remained above 70 ever since.
Continue Reading →Think about that in context of Chicago mortgages. FHA is far and away the most condo-friendly product in the market these days. By excluding all but Fannie and Freddie loans, you’ve just excluded the majority of the recent condo sales in Chicago.
Continue Reading →As a home buyer and/or homeowner, should you put your faith in Case-Shiller’s results, or the Home Price Index. Perhaps, the answer is neither.
Continue Reading →Home affordability continues to hit new records. Home prices have stabilized, but have not surged higher and yet we’re still seeing record lows for mortgage rates.
Continue Reading →With home prices holding firm and mortgage rates still dropping, home affordability is reaching new heights.
Continue Reading →CNNMoney.com recently published its 2010 forecast and projections for home prices in the country’s largest metro markets. Listed as “Top 25″ and also comprehensively by state, CNNMoney.com’s home price forecasts puts Santa Rosa, California at the top of 2010′s home appreciation list and Hanford, California at its bottom.
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