Mortgage And Real Estate News

Tuesday, April 24, 2018

What’s Restricting Home Affordability?

Home prices increased 2.9 percent in February 2018 according to the latest data from First American's Real Home Price Index (RHPI) that was released on Monday. The data revealed that homes became 5.1 percent more expensive compared to the same period last year, even as consumer house-buying power, how much one can buy based on changes in income and interest rates, declined 2.6 percent in February.

Read more... http://themreport.com/daily-dose/04-23-2018/whats-restricting-home-affordability

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