ATTOM, curator of the nation’s premier property database, released its 2Q2021 U.S. Home Affordability Report, showing that median home prices of single-family homes and condos in the second quarter of this year are less affordable than historical averages in 61 percent of counties across the nation with enough data to analyze. That was up from 48 percent of counties in[...]
President Joe Biden recently proposed a $15,000 down payment assistance tax credit for first-time buyers, making homeownership a more affordable and achievable option for 9.3 million renters. According to Zillow, this $15,000 tax credit would be enough to cover the minimum down payment in a majority of the metro areas across the country. For almost 30% of renters, this tax[...]
Breaking News! President Trump put housing at the forefront of the national debate today by signing an executive order focusing on tackling the housing affordability crisis impacting America today. As the economy has strengthened, demand for safe, affordable housing has skyrocketed, but the housing industry has not been able to mean this needed supply. By signing this order President Trump[...]
Among the nation’s 25 largest metropolitan areas, Atlanta continues to remain at the top, ranking No. 2 in the top five most affordable U.S. metropolitan cities to live in according to a new report from Interest.com. Switching places with Minneapolis for the top spot this year, Atlanta continues to attract home buyers. After taking the No. 1 spot in 2013, Atlanta[...]
According to a recent report from RealtyTrac®, the nation’s leading source for comprehensive housing data, 96 percent of the housing markets in the United States are still affordable for recent college graduates with student loan debt. However, it was also noted in the study that college graduates with loan debt will need a 34 percent higher income to purchase a[...]
Two Georgia counties have made RealtyTrac’s recent rankings of the Most Affordable Housing Markets for Millennials. Richmond County, which is located in the Augusta-Richmond County metro area, took the top spot on the list, while DeKalb County claimed the No. 3 spot. Many industry experts say that the millennial generation is the key to the current housing market recovery, with their[...]
To be a little more specific, the nationwide housing affordability is continuing to hover near its highest level in 18 years, the record was set in the first quarter of 2009. It hasn't actually surpassed the first quarter's numbers, but it is very close. According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, 72.3% of all new[...]
For anyone that may have missed the Forbes list, I thought it would be great to bring it to your attention. Considering the baby boomers are on the verge of retirement, the number of adults in their golden years is soon to rise drastically. For this, Forbes created the list of cities where you nest egg will go the farthest.[...]