Featured News, US Real Estate

NAHB Reveals Top Five Most/Least Affordable Major Housing Markets

By Mike Wheatley | May 22, 2013
Housing affordability in the US remained close to its all-time record highs in the first quarter of 2013, according to the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index.
Market Watch, Residential

Home Affordability on the Rise throughout the USA

By Alina Popescu | February 26, 2013
Home affordability in the US is on an upward trend, as 74.9% of homes sold in the fourth quarter of 2012 were deemed affordable to families with a US median income of $65,000, up from the 74.1 percentage of the previous quarter. These are the findings of the latest National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
Featured News, Mortgage, Real Estate, Residential, US Real Estate

Renters Still Dreaming of Home Ownership

By Mike Wheatley | June 25, 2012
Despite claims from some quarters that home ownership is no longer such a big part of the American dream as it once was, a new survey shows that in fact, as many as 80% of non-homeowners would make huge sacrifices to be able to own one.
Mortgage, US Real Estate

Foreclosure Process Takes Twice as Long

By Mike Wheatley | December 29, 2011
The average length of a foreclosure process has more than doubled since the housing crisis gripped the nation in 2007. Back then, the average length of time for a home to be foreclosed was just 253 days. Now, the average length of a foreclosure process is almost two years – 674 days, to be absolutely precise.
International, US Real Estate

Scotland’s First Time Buyers Drop to 30-Year Low

By Mike Wheatley | December 27, 2011
Scotland has recorded its lowest number of first-time buyers in more than 30 years, even though housing has become more affordable in the country, according to a report
Real Estate, US Real Estate

Owning Is Cheaper Than Renting, So Why Aren't More People Buying?

By Allison Halliday | November 28, 2011
The cost of owning a home is now at its lowest point for 15 years, and is often less expensive than renting. A recent survey for the Wall Street Journal found it was more expensive to rent than buy a median priced property in 12 metro areas, even when taking into account taxes and insurance. […]
Real Estate, Residential, US Real Estate

Home Affordability At Its Highest in Nearly Two Decades

By Mike Wheatley | November 21, 2011
The combination of stabilizing home prices and super-low interest rates has led to housing becoming more affordable now than it has been at any time over the last two decades, according to a press release by the National Association of Home Builders. The latest NAHB/Wells Fargo Housing Opportunity Index (HOI) showed that 72.9 % of […]
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