Housing Trends

Here’s why buying a home is getting harder and more expensive

The additional costs of a home purchase are going up, along with home prices

There is very little good news lately for homebuyers. Prices are going up again, and coupled with 7% mortgage rates, monthly mortgage payments are as high as they have ever been.

The Consumer Financial Protection Bureau (CFPB), in its annual report on mortgage trends, also points to other barriers to homeownership. In 2022, interest rates, fees, discount points, and other costs increased.

Overall affordability declined significantly, with borrowers spending more of their ...

Read article 09/29/2023

Latest Articles

Thanks for subscribing.

You have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

Housing Trends

Here’s why buying a home is getting harder and more expensive

The additional costs of a home purchase are going up, along with home prices

Latest Articles

Recent Articles

Here's how to avoid a home improvement disaster

Whatever you do, 'don't give large deposits,' one expert advises

Zillow launches 1% down mortgage plan

But some experts see 99% financing as risky

First-time homebuyers are driving sales in 2023

But their money isn’t going nearly as far as mortgage rates rise

Home sales fell in July but prices didn’t

There still isn't enough inventory to meet demand

Mortgage rates hit the highest level in 21 years

Rising rates continue to erode affordability

Mortgage rates are rising again

For buyers, affordability is a growing problem

Fees can make your rent even higher

Renters have a growing number of government regulators on their side

Buying a home just got more expensive

It’s not the price but the monthly payment

Still can’t find a home to buy? Here’s why.

A Zillow study found the U.S. needs an extra 4.3 million homes

Homebuyers stepped back into the market in May

Sales of existing homes increased after two months of declines

Contractors are getting busy putting up more apartment buildings

It’s tough for renters now but there could soon be some relief

Did your home lose value in the first quarter?

CoreLogic reports the average homeowner with a mortgage lost $5,400

Trying to buy a home? It might be cheaper to rent.

Rents are rising much slower than home prices

Here are the best (and worst) states to rent a home

Several Midwestern states offer reasonable rents and a low cost of living

Here’s why buying a home is getting harder and more expensive

The additional costs of a home purchase are going up, along with home prices

Latest Articles

Recent Articles

Here's how to avoid a home improvement disaster

Whatever you do, 'don't give large deposits,' one expert advises

Zillow launches 1% down mortgage plan

But some experts see 99% financing as risky

First-time homebuyers are driving sales in 2023

But their money isn’t going nearly as far as mortgage rates rise

Home sales fell in July but prices didn’t

There still isn't enough inventory to meet demand

Mortgage rates hit the highest level in 21 years

Rising rates continue to erode affordability

Mortgage rates are rising again

For buyers, affordability is a growing problem

Fees can make your rent even higher

Renters have a growing number of government regulators on their side

Buying a home just got more expensive

It’s not the price but the monthly payment

Still can’t find a home to buy? Here’s why.

A Zillow study found the U.S. needs an extra 4.3 million homes

Homebuyers stepped back into the market in May

Sales of existing homes increased after two months of declines

Contractors are getting busy putting up more apartment buildings

It’s tough for renters now but there could soon be some relief

Did your home lose value in the first quarter?

CoreLogic reports the average homeowner with a mortgage lost $5,400

Trying to buy a home? It might be cheaper to rent.

Rents are rising much slower than home prices

Here are the best (and worst) states to rent a home

Several Midwestern states offer reasonable rents and a low cost of living

Get the news you need delivered to you

You’re signed up