Article by: Simplifying the Market™Originally Published: July 12, 2018, 10:00 amWe keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First American […]
Rising Interest Rates Have Not Dampened Demand
Article by: Simplifying the Market™Originally Published: July 11, 2018, 10:00 amSince the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released […]
How Long Do Most Families Live in a House?
Article by: Simplifying the Market™Originally Published: July 10, 2018, 10:00 amThe National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below […]
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