Where to buy a home? It’s a common dilemma shared by prospective homebuyers as they weigh what they want versus what they need. Finance website WalletHub somewhat made it easier by listing down the best (and worst) places for first-time homebuyers. The results came from its analysis of 300 U.S. cities based on 23 key metrics assessing market […]
Monthly Archives: July 2017
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Jul
Jul
The latest US Home Affordability Index datafor the second quarter of the year reveals an unsettling fact about homeownership in the country: it’s getting more expensive to own a home since the crisis hit in 2008. In a recent report provided by California-based housing data and analytics company ATTOM Data Solutions, the average price of a […]
14
Jul
Jul
In the week ending July 7, the volume of mortgage applications had acutely gone down 7.4 percent for the previous week. This data** is reported by the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. SURVEY HIGHLIGHTS The overall Market Composite Index on the seasonally adjusted basis has decreased by 7.4 percent. On the unadjusted basis, […]
07
Jul
Jul
The Federal Reserve (Fed) decided to keep the target range for the federal funds rate between 1 and 1.25 percent. This is in line with its economic data which shows inflation running below its targeted 2% threshold and as confirmed by the Consumer Price Index that remained unchanged on a seasonally adjusted basis last June. […]