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It's getting even harder to buy a home in the Albany region

It's getting even harder to buy a home in the Albany region

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It's getting even harder to buy a home in the Albany region
It's getting even harder to buy a home in the Albany region
It's getting even harder to buy a home in the Albany region
It's getting even harder to buy a home in the Albany region
bizjournals bizjournals | 1 year ago
The limited number of homes for sale is driving sales prices up even higher, according to data from the Greater Capital Association of Realtors.
The limited number of homes for sale is driving sales prices up even higher, according to data from the Greater Capital Association of Realtors.
It's bad enough mortgage rates are over 7% โ€“ now it's harder to qualify for a home loan
It's bad enough mortgage rates are over 7% โ€“ now it's harder to qualify for a home loan
It's bad enough mortgage rates are over 7% โ€“ now it's harder to qualify for a home loan
It's bad enough mortgage rates are over 7% โ€“ now it's harder to qualify for a home loan
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
It's a double whammy for would-be homebuyers. Not only are interest rates soaring, it's getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to hit around 7.125% on Tuesday. It's been over 7% for several days. Meanwhile, mortgage credit availability is now at the lowest level since March 2013, which was when housing was in a slow recovery from the financial crisis at...
It's a double whammy for would-be homebuyers. Not only are interest rates soaring, it's getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to hit around 7.125% on Tuesday. It's been over 7% for several days. Meanwhile, mortgage credit availability is now at the lowest level since March 2013, which was when housing was in a slow recovery from the financial crisis at...
Buying A House Is About To Get Even Harder
Buying A House Is About To Get Even Harder
Buying A House Is About To Get Even Harder
Buying A House Is About To Get Even Harder
forbes forbes | 1 year ago
Buying A House Is About To Get Even Harder Contractors work on the roof of a house under construction at the Norton Commons subdivision in ... [+] Louisville, Kentucky, US, on Friday, July 1, 2022. With fewer buyers competing, the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017, Realtor.com said in a report. Photographer: Luke Sharrett/Bloomberg ยฉ 2022 Bloomberg Finance LP Contractors work on t...
Buying A House Is About To Get Even Harder Contractors work on the roof of a house under construction at the Norton Commons subdivision in ... [+] Louisville, Kentucky, US, on Friday, July 1, 2022. With fewer buyers competing, the number of active US listings jumped 18.7% in June from a year earlier, the largest annual increase in data going back to 2017, Realtor.com said in a report. Photographer: Luke Sharrett/Bloomberg ยฉ 2022 Bloomberg Finance LP Contractors work on t...
How low can it go? Home inventory drops again in Albany region
How low can it go? Home inventory drops again in Albany region
How low can it go? Home inventory drops again in Albany region
How low can it go? Home inventory drops again in Albany region
bizjournals bizjournals | 1 year ago
If no other homes were listed for sale, all of the existing inventory would be gone in less than two months, according to the Greater Capital Association of Realtors.
If no other homes were listed for sale, all of the existing inventory would be gone in less than two months, according to the Greater Capital Association of Realtors.
The Albany region housing market sets a new record for median price
The Albany region housing market sets a new record for median price
The Albany region housing market sets a new record for median price
The Albany region housing market sets a new record for median price
bizjournals bizjournals | 1 year ago
The cost of buying a home in the Albany region continues to get more expensive, driven by lack of inventory, buyers paying above listing price and a migration of buyers from New York City.
The cost of buying a home in the Albany region continues to get more expensive, driven by lack of inventory, buyers paying above listing price and a migration of buyers from New York City.
Ian aftermath even harder to fix with supply chain tattered
Ian aftermath even harder to fix with supply chain tattered
Ian aftermath even harder to fix with supply chain tattered
Ian aftermath even harder to fix with supply chain tattered
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
People walk on a flooded street at a trailer park following Hurricane Ian in Fort Myers, Florida, US, on Thursday, Sept. 29, 2022. Ian, now a hurricane again, is threatening to carve a new path of destruction through South Carolina Friday when it roars ashore north of Charleston.Eva Marie Uzcategui/Bloomberg The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that's lingered since the early days of the pandemic: snarled suppl...
People walk on a flooded street at a trailer park following Hurricane Ian in Fort Myers, Florida, US, on Thursday, Sept. 29, 2022. Ian, now a hurricane again, is threatening to carve a new path of destruction through South Carolina Friday when it roars ashore north of Charleston.Eva Marie Uzcategui/Bloomberg The difficult job of rebuilding communities pummeled by Hurricane Ian is expected to be made even worse by a problem that's lingered since the early days of the pandemic: snarled suppl...
Albany region homes are selling in 20 days on average
Albany region homes are selling in 20 days on average
Albany region homes are selling in 20 days on average
Albany region homes are selling in 20 days on average
bizjournals bizjournals | 1 year ago
The median sale price continues to climb.
The median sale price continues to climb.
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year |
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year |
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year |
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year |
cmgfi cmgfi | 1 year ago
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year Blog posted On October 11, 2022 Temperatures are dropping, leaves are falling, and the housing market is cooling off. Normally a cooled market suggests itโ€™s a less-than-ideal time to buy a home, but this year it might just be your window of opportunity.ย  Buyers have had a tough time this year. With interest rates climbing at a quick clip, many people have struggled to afford a new home. But the chill of Oc...
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year Blog posted On October 11, 2022 Temperatures are dropping, leaves are falling, and the housing market is cooling off. Normally a cooled market suggests itโ€™s a less-than-ideal time to buy a home, but this year it might just be your window of opportunity.ย  Buyers have had a tough time this year. With interest rates climbing at a quick clip, many people have struggled to afford a new home. But the chill of Oc...
Here's Just How Difficult It's Getting for Home Buyers
Here's Just How Difficult It's Getting for Home Buyers
Here's Just How Difficult It's Getting for Home Buyers
Here's Just How Difficult It's Getting for Home Buyers
magazine magazine | 1 year ago
Mortgage rates, now at a 20-year high, combined with inflation and stock market volatility are causing housing markets to soften quickly. The next several months will be a critical test for the economy, experts say. ยฉ photoschmidt - iStock/Getty Images Plus Consumers are facing economic pressure from every angleโ€”rising mortgage rates, stubbornly high inflation, a battered stock marketโ€”and the fi...
Mortgage rates, now at a 20-year high, combined with inflation and stock market volatility are causing housing markets to soften quickly. The next several months will be a critical test for the economy, experts say. ยฉ photoschmidt - iStock/Getty Images Plus Consumers are facing economic pressure from every angleโ€”rising mortgage rates, stubbornly high inflation, a battered stock marketโ€”and the fi...
It's Still a Good Time to Buy; Here's Why |
It's Still a Good Time to Buy; Here's Why |
It's Still a Good Time to Buy; Here's Why |
It's Still a Good Time to Buy; Here's Why |
cmgfi cmgfi | 1 year ago
It's Still a Good Time to Buy; Here's Why Blog posted On September 20, 2022 Since the beginning of the year, countless articles have claimed that it's the worst time to buy a home. Their reasoning? Rising rates. โ€œFrom an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,โ€ย said Chistopher Mayer, co-director of the Paul Milstein Center for Real Estate and professor at Columbia University. This is th...
It's Still a Good Time to Buy; Here's Why Blog posted On September 20, 2022 Since the beginning of the year, countless articles have claimed that it's the worst time to buy a home. Their reasoning? Rising rates. โ€œFrom an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,โ€ย said Chistopher Mayer, co-director of the Paul Milstein Center for Real Estate and professor at Columbia University. This is th...