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Post Tagged with: "housing affordability"

5 Ways Your Life Will Change After Becoming a Homeowner

January 7, 2025 0 comments

Homeownership is amazing—but it’s also a total lifestyle shift from the rental days. From surprise plumbing issues to finally being able to pick paint colors, there’s a whole lot that changes. If you’re considering making the leap, understanding these shifts can prepare you for what lies ahead and ensure a smoother transition to homeownership. 1. Wealth-Building Equity Owning a home means transitioning from monthly rent payments that don’t contribute to your future to mortgage payments […]

Top Trends and Wild Cards to Watch in the 2025 Housing Market

December 19, 2024 1 comment

The 2025 housing market is shaping up to be an interesting one—steady growth, more inventory, and a bit of breathing room for buyers. But let’s be real: behind every steady forecast lies a handful of wild cards that could shift the game. From unexpected mortgage rate swings to federal policies that could either boost supply or throw a wrench in the system, there’s plenty to keep an eye on this upcoming year. Let’s break it […]

How Buyers are Adapting in Today’s Housing Market

October 17, 2024 0 comments

For the first time since 2020, housing affordability improved year over year. This is largely due to a drop in mortgage rates, which have dipped from 7.07% to 6.09% over the past year. While this is undoubtedly great news for home buyers, affordability remains a challenge for many. According to recent data, U.S. buyers now need to earn around $115,000 annually to afford the typical home, down 1.4% from last year. Yet, the average U.S. […]