In a survey from the National Association of Realtors (NAR), one-third of respondents thought that saving for a down-payment would be “very difficult” despite the fact that the average down payment is only six percent.
The City Council of Boulder, Colorado is currently considering loosening restrictive policies regarding the construction of accessory dwelling units (ADUs). ADUs increase the density of a city without increasing its sprawl. They can be built to accommodate extra family members or to rent out for extra income, but their effect on neighborhood populations can make […]
A recent Black Knight Financial Service analysis found that the rise home prices is beginning to stabilize. Despite the slowdown, the amount of housing inventory is continuing to decrease. "There should be 3 million homes on the market right now," said Chief Economist Lawrence Yun of the National Association of Realtors (NAR). "Yet, there are only 1.9 […]
After peaking in March of this year, month to month home price gains have been slowly decreasing. This might mean that rising home prices have finally hit their limits, reaching a point where no one can afford to buy. CNBC also reports that annual gain, which has been rising every month this year, finally stabilized […]