Existing-home sales increased 3.8 percent to a 10-year high in 20161, but affordability pressures, student debt and possible confusion about down payment requirements prevented many aspiring homeowners from reaching the market, according to recent consumer insight from the National Association of Realtors®.
Down payments are major concern for homebuyers, Zillow study finds
January 16, 2017 by
It costs more than two thirds of the average annual income to cobble together a 20 percent down payment on a home, which is why many potential homebuyers say saving for a down payment is one of their top concerns.
Seattle is home to 10 of the nation’s 30 most competitive neighborhoods for home buyers
December 30, 2016 by
Seattle was recently revealed to be the nation’s hottest housing market for two months running, and now Redfin has said the city is home to ten of the country’s most competitive neighborhoods for homebuyers in 2017.
Trulia warns of shrinking home inventories
September 28, 2016 by
A new report from Trulia shows housing inventories fell for the fifth straight quarter, pushing home affordability further out of reach for more Americans.
Low inventory holds back home sales this summer
July 18, 2016 by
Realtor.com chief economist Jonathan Smoke says homes are selling at the fastest pace since 2007, but could sell even faster if there were greater inventory available in some markets.
How big a salary do you need to buy a home?
April 11, 2016 by
A new survey by HowMuch pins down the minimum regional salary requirements for prospective home buyers in the U.S.
RealtyTrac launches new Home Disclosure report
December 18, 2015 by
RealtyTrac is hoping to help homebuyers ensure they’re moving into a desirable area with a new and fully comprehensive home report too that offers insights into more than 115 million homes across the U.S.
Survey: Most Buyers Underestimate Impact of PMI
June 11, 2014 by
Sixty-five percent of home owners with private mortgage insurance (PMI) say that the additional cost has prompted them to pay a higher monthly mortgage payment than they had originally expected
