Housing Payments More Affordable
Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January. Pending home sales have yet to improve.
Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January. Pending home sales have yet to improve.
A Fed rate cut, expected in mid-September, could boost the housing market by indirectly lowering mortgage rates. Lower rates could stimulate supply and demand.
There’s disagreement about whether the sports craze is a benefit for home sales, with some saying the noise hurts property values.
Most buyers need a score of 620 or above to qualify for a conventional mortgage. FHA loans could get approval with a score as low as 500.
Although the 2024 homebuying season was relatively slow, this fall is poised to bring lower mortgage rates and more for-sale inventory, Realtor.com said.
Only 19% of baby boomers think they could have afforded a home in a market like today’s, yet 71% believe younger generations could if they didn’t spend frivolously.
Three Florida cities out of 188 nationwide ranked among the highest for desirability, affordability, safety and public education.
The typical Realtor in Florida is female with nine years of experience and owns her own home, according to new research by Florida Realtors economists.
A cozy living space could include a soft rug, pillows and warm lighting. Aim to make the area feel warm and inviting without being overly complicated.
Borrowers can lower their mortgage payments by increasing their credit score, extending their loan term or getting rid of private mortgage insurance.