California Fails the Affordability Test for Teachers
17 percent of California homes for sale are affordable on the average teacher salary
California Fails the Affordability Test for Teachers Read More »
Housing Market News
Mortgage Rates: Homebuyers Might Not Need to Depend on Cheap Borrowing Anymore
Mortgage rates rose this week, averaging 3.50 percent for a 30-year, fixed-rate loan, up from 3.44 percent last week. Last year at this time, rates were 3.91, according to Freddie Mac. But the real news for homeowners and homebuyers came on Tuesday, when the Census Bureau released its annual report on Income and Poverty in the United States. In an unambiguously
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Bidding Blind: Nearly One in Five Homebuyers Made an Offer Before Seeing Home in Person
These buyers say technology, like 3D photography and video tours, helps them see homes without really seeing them.
Bidding Blind: Nearly One in Five Homebuyers Made an Offer Before Seeing Home in Person Read More »
Mortgage Rates: Does the Federal Reserve Drama Really Matter?
Mortgage rates inched up this week, averaging 3.46 percent for a 30-year, fixed-rate loan, up from 3.43 percent last week. Last year at this time, rates were 3.89 percent, according to Freddie Mac. While mortgage rates are very likely to stay low in the near and medium term, there was some drama with the Federal
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Homebuyer Activity Picked Up in July But Continues to Fall Short of Last Year’s Levels
Homebuyer demand picked back up in July after posting month-over-month declines in May and June.
Homebuyer Activity Picked Up in July But Continues to Fall Short of Last Year’s Levels Read More »
Affordability Is Homebuyers’ Biggest Concern, Particularly Among Millennials
A Redfin survey of more than 1,800 buyers revealed that many were driven to the market by high rent, even as homebuyers’ biggest concern was affordability.
Affordability Is Homebuyers’ Biggest Concern, Particularly Among Millennials Read More »
