• Conditions for Homebuyers Are Improving-Right?

    2 monthes ago - By RIS Media

    With inventory loosening and prices slowing , buyers' chances look promising-but as mortgage rates rise, how great are their odds, really?
    According to recently released research by Zillow, home-buying power is shrinking. In the average scenario, where a buyer earns the median national pay, a buyer could have bought a $393,700 home in January of last year-assuming he or she kept their monthly mortgage payment to 30 percent of their salary. Rates were 4.15 percent at the time.
    Now, rates are 4.63 percent. According to the findings, with the increase, the average budget drops to $372,000...
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