Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of theHousing Affordability Index, as reported by the National Association of Realtors(NAR). Here is how NAR defines the index: “The Housing Affordability Index measures whether or not a typical […]

Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007. The latest estimates from the US Census Bureau and Department of Housing […]

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either yours or your landlord’s. As The Joint Center for Housing Studies at Harvard University explains: […]