Posts with tag home affordability

Recently released data suggests that borrowers could be looking at once-in-a-lifetime deals, as rock-bottom prices and record-low interest rates continue to create perfect storm buying conditions. Numbers released by the National Association of Home Builders on Thursday indicate that home affordability has hit a 20-year... Continue Reading »

Lending standards may be rigid and home prices tottering, but the silver lining of the housing bust continues to twinkle at homebuyers. Homes are now more affordable than they've been in 40 years, reports the Housing Predictor news site. The U.S. Department of Housing and Urban Development has just affirmed that Americans... Continue Reading »

Happy days are here again, at least for the sellers of multimillion dollar homes. After four solid years of penny-pinching, the rich are opening their pocket-books to buy real estate. Cash sales are on the rise. Sales of multimillion dollar homes and condos are up in all 20 major U.S. metro areas, some of which have seen... Continue Reading »

With cheap mortgage rates topping 5 percent for the first time since April 2010, it's time to start getting serious if you're thinking of buying a home. While rates are still historically low, as the government begins to make decisions about what to do with Fannie Mae and Freddie Mac, you can be certain of one thing --... Continue Reading »

Homeowners may finally have something to smile about. A report by the National Association of Realtors reveals that homeowners' net worth is roughly 41 times that of the average renter. In dollars and cents, the group estimates that the average homeowner's net worth ranges from $150,000 to $200,000, thanks primarily to... Continue Reading »