by Jhon Quintero | Oct 1, 2024 | Affordability, Buyers, Home Prices, Mortgage Rates
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...
by Jhon Quintero | Aug 26, 2024 | Affordability, Mortgage Rates
You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen...
by Jhon Quintero | Jul 22, 2024 | Affordability, Buyers, Buying Tips
There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it. Consider Moving to a More Affordable Area Today’s high mortgage rates combined with continually...
![Equity Can Make Your Move Possible When Affordability Is Tight [INFOGRAPHIC]](https://www.jhonquinterorealestate.com/wp-content/uploads/sites/101/2024/04/Equity-Can-Make-Your-Move-Possible-When-Affordability-Is-Tight-NM.jpg)
by Jhon Quintero | Apr 26, 2024 | Affordability, Equity, Infographic, Move-Up
Some Highlights Did you know the equity you have in your current house can help make your move possible? Once you sell, you can use it for a larger down payment on your next home, so you’re borrowing less. Or, you may even have enough to be an all-cash buyer. The...
by Jhon Quintero | Apr 18, 2024 | Affordability, For Buyers
Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la...
