Houston is America’s most affordable housing market for middle class families compared to the nation’s 50 largest metro areas. Nonetheless, fewer than 50% of first-time home buyers in the Houston area can afford the median-priced home despite even though home prices may have decreased for the first time in nearly a year. Since the economic boom in the 50s and …
Due in large part to the persistent decline in mortgage rates throughout 2019, housing is now more affordable than it has been at any point in the last three years. That’s according to a new analysis of the nation’s housing market from the National Association of Home Builders and Wells Fargo. As the latest data from Freddie Mac shows, mortgage rates now sit at 3.69%, more than a full …
According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …
