Tag: Housing Affordability
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Existing Home Sales Hit a 16-Year Low. $1,000 Down Won’t Fix It.
Existing home sales fell 5.5% in October to a 3.75 million annual pace, the slowest since August 2010, after mortgage rates spiked past 7%. A new Democratic-aligned plan would let first-time buyers put $1,000 down. That treats the wrong problem. Lower inflation, cheaper money and more homes will bring buyers back.
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Home Prices Finally Fell. Your Mortgage Payment Didn’t.
Home prices just dipped for the first time in three years, yet the typical mortgage payment is up 10.7% to near a record. Here’s why rates matter more than price tags, why another subsidy won’t help, and what buyers can do right now.
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Trump Wants Your Mortgage Insurance Gone Sooner. Good Start.
President Trump signed an order on Oct. 22 that could cancel mortgage insurance automatically once future borrowers earn the equity. It’s a smart cut to red tape, but high mortgage rates remain the bigger problem.
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