home sales

Housing Affordability Drops to Decade Low

Housing Affordability Drops to Decade Low

As the heated talk over tariffs dominated the financial news, you might have missed a notable fact: housing affordability has dropped to its lowest level in nearly a decade. That’s a shame, considering that the economy is picking up steam and incomes are finally creeping higher.

CFP® Pro Tip of the Week - April 20, 2018: Real Estate

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Housing, We Have a Problem

Housing, We Have a Problem

It’s been more than five years since housing prices bottomed out. Since then, the economy has strengthened, the labor market has improved and mortgage rates remain historically low. All of those factors should add up to a robust spring housing season, but that’s not what’s going on. Instead, realtors and builders are lamenting the low number of homes for sale.