Home prices across the U.S. have been on a mostly upward trajectory since the bottom of the recession. The conventional wisdom is that a recovered, growing economy and a dearth of housing stock (and construction) is causing prices to rise.
No one can dispute that income and housing are inextricably linked. Other factors apply, of course: down payment, monthly debt expenses and credit score, not to mention the mortgage rate, also have an impact. But first and foremost, the more you earn, the more house you can afford.
It’s pink, it’s pretty and it’s designed specifically for you to take the perfect Instagram shot.
After years of inventory shortages, rising home prices and bidding wars, the number of homes on the market may finally be going up, according to Trulia’s latest Inventory and Price Watch Report.
The discussions are fast and furious around technology and real estate; projections, proclamations and profits have all been tossed against the wall hoping for something to stick. All the while, the ever-looming market shift is hanging over our heads.
In a rapidly changing real estate landscape, many agents wish they were telepathic and could read consumers’ minds. But the next best thing might be Zillow’s 2018 Consumer Trends Report, released Thursday.