The difference between mortgage rates and the 10-year treasury yield has narrowed, signaling a potential boost for homebuyers. A decrease in the mortgage spread can
But there are bright spots emerging on the affordability horizon, which could make it easier for young Americans to afford housing in the near future.
Monthly payments are falling primarily because mortgage rates have dipped to a 10-month low. But home sales are still lackluster, declining slightly from a year
Four of last month’s 10 most expensive home sales were in Southern California, five were in coastal Florida and one was on Martha’s Vineyard. A
Personal safety is the number-one must-have on homebuyers’ checklists, though 22% say they’re willing to compromise on it for affordability. The next-most important priorities are
Redfin economists say serious homebuyers have a window of opportunity to lock in a mortgage rate, as rates could fluctuate as more economic data is
The difference between mortgage rates and the 10-year treasury yield has narrowed, signaling a potential boost for homebuyers. A decrease in the mortgage spread can
But there are bright spots emerging on the affordability horizon, which could make it easier for young Americans to afford housing in the near future.
Monthly payments are falling primarily because mortgage rates have dipped to a 10-month low. But home sales are still lackluster, declining slightly from a year
Four of last month’s 10 most expensive home sales were in Southern California, five were in coastal Florida and one was on Martha’s Vineyard. A
Personal safety is the number-one must-have on homebuyers’ checklists, though 22% say they’re willing to compromise on it for affordability. The next-most important priorities are
Redfin economists say serious homebuyers have a window of opportunity to lock in a mortgage rate, as rates could fluctuate as more economic data is