Although mortgage rates remain favorable and the U.S. job market is chugging right along, tight affordability conditions and student debt are among the factors preventing more first-time buyers from diving in to the housing market.
Tag Archive: Bankrate.com
March 2, 2017 • Posted in Market Conditions
The current U.S. real estate market is proving challenging to the youngest and largest group of homebuyers, with ownership rates for those under 35 at a two-decade low as of 2015. Conditions are even harder for first-time buyers in California, where high prices, tight supply conditions, and poor affordability are keeping more millennials from purchasing homes.
February 27, 2017 • Posted in Weekly Real Estate News Roundups
Nationwide, existing home sales had their best month in nearly 10 years in January, while Santa Rosa ranks as one of the 10 cleanest cities in America. Catch these stories and more in Pacific Union's latest weekly Real Estate Roundup.
July 6, 2015 • Posted in Weekly Real Estate News Roundups
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that most Bay Area residents are willing to pay nearly 25 percent extra to live in the best neighborhoods. Also, the five least affordable real estate markets for millennial buyers are all located in California, with the Bay Area well represented.
January 14, 2015 • Posted in Mortgage News
One year ago, economists predicted that mortgage rates would top 5 percent by the start of 2015. Instead, rates plunged last year and opened 2015 with 30-year, fixed-rate mortgages at the lowest level in 20 months, a development potential homebuyers should consider leveraging.
A bit of give-and-take between homebuyer and seller is normal, but some buyers may go too far and annoy sellers, thereby jeopardizing a purchase. Here are eight mistakes buyers should avoid.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that home prices will continue rising over the next five years, although not at today's red-hot pace. Also, rising equity levels are turning more homeowners into homebuyers.
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