Buy & Sell

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30% Home Financing Rule Is Dead; Here’s the New Rule for First-Time Buyers Amid Housing Affordability Crisis

The average sticker price for homes in the US is now $439,000, which accounts for nearly 50% of the typical income of a first-time buyer.
Index Of Pending Sales For U.S. Homes Falls Almost 2 Percent

US Home Sales Fell To Lowest Level Ever Recorded Despite Declining Mortgage Rates

Pending home sales in the US dropped by 5.5% in July even as mortgage rates declined from the 8% peak in October 2023.
Realtor with money and wooden house

US Buyers Must Earn $80,000 To Afford a Typical Starter Home; Median Earners Priced Out of 25 Housing Markets

Median workers in the United States earn $59,436 yearly, about $20,000 less than needed to afford a typical starter home.