Items Tagged with 'Home Price'

ARTICLES

Natural hazard risk holding back home sales

But home prices are higher in high-risk areas
Home sales in high-risk areas are significantly lower than home sales in areas with lower risks. While this may not come as much of a surprise, people are still paying for homes in these high-risk areas. So, what's the difference?
Read More

McMansions prove to be poor investment

Wait, no one wants ugly homes?
In a shocking turn of events, it turns out Americans don’t want to buy ugly homes after all, according to Bloomberg. The McMansion craze that started in the late 1990s hit its end when home prices for these homes failed to keep up with the rest of the market.
Read More

Rising home prices boost homeowner equity

Less homes underwater in Q2
Rising home prices cause homebuyers to cringe, however, for current homeowners, it’s another story. In fact, these rising home prices are pulling many homes out from underwater as the values increase to more than homeowners owe.
Read More

NAR: Home affordability remains as depressed as the average American paycheck

Low mortgage rates make poor incentive to borrow
Home prices increased yet again in the second quarter, outpacing wage growth, according to the latest quarterly report by the National Association of Realtors. This is causing affordability to decline despite historically low mortgage interest rates, according to the trade group's head economist. Low rates are normally an incentive to get a mortgage, but not in this, current housing market.
Read More