Homeownership further out of reach as rising prices, high mortgage rates widen affordability gap
By ALEX VEIGA, AP Business WriterLOS ANGELES (AP) — Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford.A homebuyer now needs to earn at least $114,000 a year to afford a $431,250 home — the natio
California home sales tumble below Great Recession low for 21 months
Call it what you want, but California’s homebuying pace remains below the Great Recession’s bottom.My trusty spreadsheet reviewed a new set of home sales figures created for the Southern California News Group by real estate tracker Attom. These broad-based statistics track closed transactions by mon
Average rate on a US 30-year mortgage eases to 6.76%, its second straight weekly decline
By ALEX VEIGA, AP Business WriterThe average rate on a 30-year mortgage in the U.S. eased again this week, modest relief for prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.Related Articles Denny’s and Waffle House remove egg surcharges as pr
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