Items Tagged with 'Home Price'

ARTICLES

[Factsheets] It's officially impossible to rent at minimum wage in most of the country

Less than 20 states show practical rental affordability
These charts from the National Low Income Housing Coalition break down the information from each state to show how rising rent costs and affordability issues are affecting those that earn minimum wage. What's worse, there are no states where you can work less than 40 hours a week at minimum wage and still afford to rent even a one-bedroom unit.
Read More

FHFA: Home prices increase again, rise 1.3%

Marks 19 consecutive quarterly price increases
While home prices only increased a meager 1.3% in the first quarter of 2016, it’s added onto a long string of increases; 19 consecutive quarterly price increases to be exact. According to FHFA Supervisory Economist Andrew Leventis, there is at least one unique factor in this quarter.
Read More

MBA: Mortgage applications post another tepid week

Average loan size for purchase apps hits survey high
Despite the current low-mortgage rate environment, mortgage applications once again recorded a slow weak. However, one notable data point in this week’s survey is that the average loan size for purchase applications reached a survey high.
Read More

Fitch: Coastal home prices diverge

A tale of two cities
While seemingly similar upon first glance, a closer look shows that New York City and San Francisco are two very different cities. Fitch’s new report shows the main causes for the differences in the housing markets for each city.
Read More