Housing Affordability Hits a 39-Year Low. ‘It’s Fair To Expect Prices To Weaken,’ Expert Says.
Brandon Bell/Getty ImagesIt’s an unwelcome blast from the past—home buyers are facing the most unaffordable housing market since the 1980s, according to a new report.With mortgage rates at 23-year highs, the monthly principal and interest payment on a median-priced home hit a record high in October.
Here’s a Tip: Gossip King Perez Hilton Has Found a Buyer for His L.A. Home
David Becker/Getty Images / Realtor.comAccording to the best of sources (Perez Hilton himself), the original gossip blogger packed up and moved from Los Angeles to Las Vegas in early 2023.It looks like there’s no going back now, because he’s finally found a buyer for the renovated Spanish Colonial h
Mortgage Buydowns: How Do They Work?
Some homebuyers priced out of the market opt for a mortgage buydown, usually funded by sellers, in order to lower their monthly payments for the first few years.
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