Author: Henry Chu at Golden Gate Sotheby's International Realty

The Top 3 Reasons Affordability Is Improving

Affordability / Home Prices / Infographics / Mortgage Rates

The Top 3 Reasons Affordability Is Improving

Some Highlights Affordability is based on three key factors: mortgage rates, home prices, and wages. And today, it’s improving quickly as rates come down, prices level off, and wages climb.  If you put your search on pause because it was too expensive to buy, connect with an agent to talk...

This Is the Sweet Spot Homebuyers Have Been Waiting For

For Buyers / Mortgage Rates

This Is the Sweet Spot Homebuyers Have Been Waiting For

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers—and it’s one that may not last long. So, if you’ve put...

Buying Beats Renting in 22 Major U.S. Cities

Affordability / For Buyers / Home Prices / Inventory / Mortgage Rates

Buying Beats Renting in 22 Major U.S. Cities

That’s right—according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below): As mortgage rates have eased off their recent peak, home prices have moderated, and inventory has ticked up, affordability has improved significantly....