Affordability

Oct. 3, 2024

The Top 3 Reasons Affordability Is Improving

The Top 3 Reasons Affordability Is Improving

Affordability is based on three key factors: mortgage rates, home prices, and wages.

Some Highlights

  • Affordability is based on three key factors: mortgage rates, home prices, and wages.
  • And today, it’s improving quickly as rates come down, prices level off, and wages climb.
  • If …
View More
Sept. 30, 2024

This Is the Sweet Spot Homebuyers Have Been Waiting For

This Is the Sweet Spot Homebuyers Have Been Waiting For

With rates trending down, today’s market is a sweet spot for buyers.

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a …

View More
Sept. 29, 2024

Buying Beats Renting in 22 Major U.S. Cities

Buying Beats Renting in 22 Major U.S. Cities

Things are moving fast, and your area might be joining these top metros soon.

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below):

As mortgage rates have eased …

View More