Items Tagged with 'Home Affordability'

ARTICLES

  • Few California home shoppers can afford average-priced homes

    CAR: Income needed to buy a home ticks higher
    California’s infamous housing situation isn’t getting any better, with the number of people that can afford that Golden State’s averaged-priced home dropping even lower. And unfortunately for residents, in order to lock in an averaged-priced home, they would need to make north of six figures.
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  • Housing affordability at the worst level in seven years

    [Infographic] Here are some possible antidotes
    Home affordability is at the worst level in seven years, with one in four housing markets not affordable by historic standards. Despite the negative news, Daren Blomquist, senior vice president at ATTOM Data Solutions, did point out one positive area, which involves California's typically hot market.
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  • Brooklyn is the country’s least affordable place to live

    Last in RealtyTrac’s home price affordability rankings
    According to a report from Bloomberg, a Brooklyn resident making the city’s median income would need to devote 98% of their income to afford the payment on a median-priced home in Brooklyn, where the median home price is $615,000.
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  • Freddie Mac: 5 game-changing predictions for 2015

    Interest rates to hit 5.5% in 2016
    According to a new report, the U.S. economy is well poised to sustain about a 3% growth rate for 2015. As a result, here are five predictions for the housing market in 2015, including where interest rates will go and whether or not home sales will increase.
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