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Affordability in the housing market is as bad as it’s been in more than three decades — and relief isn’t coming this year. That’s the conclusion of First American’s Real House Price Index (RHPI) report for May, which shows a 9% year-over-year decline in affordability. The increase in the RHPI…
Continue reading →Today’s housing market suffers from affordability issues due to mortgage rates in the 7s and high home prices. People are quick to panic over any part of the housing market that looks stressed, fearing we’ll see 2008 levels of destruction all over again. But while home sales are trending at…
Continue reading →The housing market in Bergen County, New Jersey, is far from immune to the ills that are plaguing housing markets throughout the country. High mortgage rates have locked homeowners into the significantly lower rates they got years ago. The result is a low level of inventory that’s pushing home prices…
Continue reading →Mortgage applications declined by 2.6% on a seasonally adjusted basis during the week ending June 28, according to data released Wednesday by the Mortgage Bankers Association (MBA). The trade group cited upward movement in mortgage rates as the key reason why. According to HousingWire’s Mortgage Rates Center, the average rate…
Continue reading →Christie’s International Real Estate Belgium is expanding its operation to Brussels, according to an announcement on Tuesday. The firm is already well established in Flanders, but the latest move expands its reach into the French-speaking southern region of the country. It is the brokerage’s 12th office in the country, and…
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