Monthly Archives: July 2017

For first-time homebuyers, where’s the best or worst place to buy a home?

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 […]

Wages Now Struggle to Keep Up with Home Prices

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 […]

Mortgage Applications Slide Down in Latest Weekly Survey

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, […]