Why is it so hard to buy a home? Prices have far outpaced middle-class incomes. Mortgage rates are above 7% for the first time since 2002. And 3 out of 10 homes are sold above listing price. But none of those factors fully captures the variety of challenges buyers nationwide face in the current market. The conditions on the ground can vary widely across state and even county lines.
Scarcity: The number of homes that are on the market — and how many more are expected to enter the market in the coming month.Economic instability: Market volatility, unemployment and interest rates — reflecting the broader climate in which home shoppers are weighing their decisions. For April, the overall Home Buyer Index nationally was 82.4, up slightly from March and about 5 points lower than it was this time one year ago.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Enterprises Should Prioritize 'Cost Composability' Over 'Cost Takeout' For Hybrid OperationsRajat Sharma, SVP and Global Head of Technology Ecosystem and Growth for Zensar Technologies. Read Rajat Sharma's full executive profile here.
Source: ForbesTech - 🏆 318. / 59 Read more »
How much would a $10,000 home equity loan cost per month?Do you need a $10,000 home equity loan? Here's how much it would cost per month.
Source: CBSNews - 🏆 87. / 68 Read more »
From $35,000 to $446,000: What it cost to renovate a $1 home in ItalyBuying a home in the Italian countryside for cheap comes with a catch — in one case, to the tune of of nearly half a million dollars.
Source: NBCLA - 🏆 319. / 59 Read more »
From $35,000 to $446,000: What it cost to renovate a $1 home in ItalyBuying a home in the Italian countryside for cheap comes with a catch — in one case, to the tune of of nearly half a million dollars.
Source: CNBC - 🏆 12. / 72 Read more »
How much would a $40,000 home equity loan cost per month?Are you thinking about taking out a $40,000 home equity loan? Here's how much your monthly payments would be.
Source: CBSNews - 🏆 87. / 68 Read more »
Cost of buying a home in America reaches a new high, Redfin saysThe median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Source: CBSNews - 🏆 87. / 68 Read more »