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Housing Market

One in Five House Hunters Is Willing To Compromise Personal Safety to Afford a Home

Personal safety is the number-one must-have on homebuyers’ checklists, though 22% say they’re willing to compromise on it for affordability. The next-most important priorities are a low crime rate and low risk of natural disasters.  Roughly one in five (22%) homebuyers are willing to compromise personal safety to afford a home, according to a recent […]

Buyer’s Agent Commissions Tick Up to Pre-NAR Settlement Levels

The average U.S. buyer’s agent commission rose to 2.43% in the second quarter from 2.38% a year earlier. Commissions rose across all price tiers, with the average buyer’s commission for homes under $500,000 reaching the highest level in nearly two years. The average U.S. buyer’s agent commission was 2.43% for homes sold in the second […]
Affordability

Homebuying Affordability Is Improving in These 11 Places

The income needed to afford the typical U.S. home has fallen year over year in almost a dozen major metros, most of which are Sun Belt boomtowns that have seen a drop in home prices amid surging inventory. Nationwide, the typical homebuyer needs to earn $112,131 per year to afford the median priced home—roughly $25,000 […]
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