Buying a home is one of the most expensive transactions most Americans will make in their life, and breaking into the housing market can be especially difficult for first-time buyers. A new RealEstate.com analysis finds that the typical first-time buyer earns more than the median household income, helping them afford to buy a home. The
Report: Home affordability “unnervingly low’ for lower-income buyers
September 9, 2018 by
The double-whammy of of rising home prices and interest rates is creating a tough environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. A monthly mortgage payment for a typical U.S. home requires 17.5 percent of the median income, up from 15.4 percent a year
Scotland’s First Time Buyers Drop to 30-Year Low
December 27, 2011 by
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
Home Affordability At Its Highest in Nearly Two Decades
November 21, 2011 by
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
