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In expensive parts of the country, any mortgage rate savings can help spark buyer interest, said Tim Nguyen, a real estate agent in Santa Clara, Calif., where the median home lists for more than ...
Buying a home in 2024 is a challenge – from mortgage rates to bidding wars, obstacles exist. NBC News quantifies the challenges with its Home Buyer Index. This is what we've learned.
The California Legislative Analyst's Office 2015 report "California's High Housing Costs – Causes and Consequences" estimates that for the state to have kept housing prices no more than 80% higher than the median for the U.S. as a whole (the price differential which existed in 1980, as opposed to the >150% differential which exists today ...
By contrast, there are seven markets among major metros where would-be buyers need to earn $200,000 or more to afford a typical home. The top four were all in California — with San Jose taking ...
California leads with 71 cities, New York with 11 cities, and Washington with eight expensive housing cities. ... The share of buyers who bought a home for the first time fell to 29% in June ...
A housing supply gap of 6.5 million homes. At its root, inflation is a result of an imbalance of supply and demand. In the housing market, weak inventory was a problem that existed prior to the ...
Potential homebuyers are no longer waiting for mortgage rates or home prices to drop before they buy, according to Bank of America’s Homebuyers Insight Report. Homebuyers are 'losing patience ...
Detroit took second place with a housing premium of 40.8%, followed by Cape Coral, Florida, in third place with housing premium 37.6%. Only one California city cracked the top 20 of the Beracha ...