homebuyers

You need a 6-figure down payment to have an ‘affordable’ mortgage in these US cities: report

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You need a 6-figure down payment to have an ‘affordable’ mortgage in these US cities: report

Katlyn Brieskorn, Nick Jachim Updated: Jun 27, 2024 / 09:01 AM CDT (WFLA/NEXSTAR) — Buying a home has always been a major investment, but now for the average American, their down payment may be more money than they were expecting. An analysis from Zillow shows U.S. citizens who make the median household income, ($74,580, according … Read more

Home sales fell to historic lows while prices hit record highs in May

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Home sales fell to historic lows while prices hit record highs in May

(NewsNation) — U.S. home sales in May dropped to the third-lowest level in a decade as homebuyers continue to face elevated mortgage rates, record-high prices and low inventory. Last month, 407,959 homes were sold, down roughly 3% from a year ago, according to real estate brokerage Redfin. To put that in perspective, only two months … Read more