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August 2nd, 2016 by admin
Last year, an analysis of 417 counties across the country found 82 of them less affordable than historically normal. The same analysis done this year showed 74 counties exceeding normal levels of affordability. That improvement, however small, is an indication that home prices are increasing at a somewhat slower pace this year. The data – from RealtyTrac's Q2 2016 Home Affordability Index – looked at the percentage of average wages needed to make monthly mortgage payments on a median priced home with a 30-year fixed-rate loan and a 3... Read More



May 16th, 2016 by admin
When shopping for a house to buy, most prospective buyers will make a list of features they'd like – whether it's an open floor plan or a place for entertaining. They will also, most likely, have a list of things they'd like to avoid. But despite all the careful thought and consideration they may've put into finding the perfect home, once they've settled in there will inevitably be a few things they never knew they needed and some issues they hadn't even thought of during the house hunt. Because of this, it can be helpful for home shoppers... Read More



May 12th, 2016 by admin
Buying a home requires a little forethought. It is, after all, the largest purchase most people will ever make. So thinking things through before taking the plunge is always a good idea. But what issues weigh most heavily on the minds of potential home buyers? According to a recently released survey, today's buyers are most concerned about rising home prices. In fact, nearly 27 percent of respondents named affordability their biggest concern – with too much competition from other buyers running a distant second at 17 percent. The results... Read More



April 29th, 2016 by admin
RealtyTrac's recently released 2015 U.S. Natural Disaster Housing Risk Report ranked 2,318 counties across the country based on their overall risk of suffering a natural disaster. The results found that – within the counties included in the analysis – 43 percent of the single-family homes and condos were at high or very high natural hazard risk. That's 35.8 million homes with a combined estimated market value of $6.6 trillion. Daren Blomquist, RealtyTrac's vice president, said prospective buyers should be aware of any natural disaster risk... Read More



April 18th, 2016 by admin
There is an ongoing debate over whether or not demographic trends reveal a preference for city living or suburban neighborhoods among Americans on the move. For many years, the suburbs were the most popular spot among buyers but recent evidence may indicate that Americans are beginning to move back to the city. According to Fitch Ratings' RMBS Sustainable Home Price Report, the proof is in the prices. In short, home prices have been rising faster in cities than the surrounding area and that's because more Americans are looking to buy a home in... Read More



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