A homebuyer would need $48,435 of annual income to qualify for a mortgage on a $180,000 median-priced home in Detroit, making it the most affordable U.S. metro area.
Flood insurance is separate from your standard homeowner’s insurance, and if you are buying in a flood plain, most lenders
If you have $2,000 to spend on your mortgage payment each month, there are still options.
The average down payment for homebuyers in Oklahoma City is a fraction of the U.S. average of $62,611, a new report shows.
The average sale-to-list-price ratio fell to 99.8% in August, the first time it has been below 100% since March 2021, Redfin said.
Buyers are flocking to the lowest-priced homes in many markets, according to a Zillow report.
Homebuyers have started to back out of some real estate deals as a slowing market gives them more power to negotiate.
Homebuyers have shifted searches to include cities that are cheaper, allowing their monthly mortgages to fit better within their budgets.
Blackstone's Home Partners of America said it will stop buying single-family homes in 38 U.S. markets, another sign the real estate market is cooling.
Competition is starting to weaken, giving buyers more time to find a property before it's snatched up.
A surge in the number of homes on the market shows buyers are calling the shots.
Closing costs add up quickly. You should plan on spending 2% to 5% of the mortgage loan on these addition fees.
During the pandemic, market dynamics favored sellers. Now, several trends point to a brighter outlook for homebuyers.
If you're considering a home purchase, here are some tips to putting together a plan of action.
Home shoppers are more concerned about flood risk, according to a Redfin report.
Metro areas in the Midwest and East Coast are proving to be the most affordable areas for homebuyers, according to a Redfin report.
The inventory of homes for sale is rising, giving buyers more choices, Realtor.com said in a report.
Early autumn is the "sweet spot" for people looking to buy a home, according to Realtor.com.
