Affordability challenges grow for first-time homebuyers in South Florida
The typical age of a first-time home buyer sits at 40-years-old, the highest on record, according to the National Association of REALTORS.
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The typical age of a first-time home buyer sits at 40-years-old, the highest on record, according to the National Association of REALTORS.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
U.S. home prices are dropping the most in the South and West, according to a new report from Realtor.com.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
Although the market remains tight, a rise in inventory could break up clouds for homebuyers, analysts say.
Betty Nguyen reports it could potentially lead to lower home prices.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
