Realtor.com’s latest report reveals how many days of work are needed to afford a monthly mortgage payment in each state, with Hawaii topping the list at 17 days. States like Ohio and Illinois require only 6-7 days, highlighting significant regional differences in home affordability across the U.S.
A Real Estate Witch report reveals 8 in 10 homeowners underestimate the true cost of homeownership, including costs not included in their mortgage payment. Agents who prepare buyers for the full financial picture stand out—here’s why.
A new Realtor.com report shows falling mortgage rates increased homebuyers’ purchasing power by $74,000 nationwide in August 2024 compared to October 2023.
According to a new Zillow Home Loan analysis, mortgage payments are now lower than rent in 22 major U.S. metros, offering potential homeowners significant monthly savings.
Redfin’s analysis reveals that median monthly housing payments in swing states have surged 92% since the 2020 election, reaching an all-time high of $2,161, with affordability challenges significantly impacting voters ahead of the 2024 presidential election.
Explore the differences between seller financing and subject to financing in real estate transactions. Ramon Casaus breaks down what real estate agents need to know to leverage these creative financing options to help clients and close more deals.
According to a new Redfin report, home prices are not falling in any U.S. metro for the first time since July 2022. In related news, the national median monthly mortgage payment climbed 15% year over year, reaching an all-time high.
Tom Toole breaks down the math to show how to calculate the cost of waiting for both buyers and sellers in today’s market.
A new Redfin report shows more than one third (36%) of Millennial and Gen Z homebuyers plan to use money from family members for their down payment.
A new Zillow report shows today’s homebuyers need to earn more than $106,000 a year to afford a typical U.S. home—up $47,000 or 80% from January 2020. The median household income has grown only 23% during that time.
Today’s average monthly mortgage payment is 52% higher than the typical monthly rent on an apartment, according to data from commercial real estate firm, CBRE.
More sellers are returning to the market as home shopping season brings more motivated home buyers.
For daily real estate news, business and marketing.
