Analysis and Data
Both first-time and repeat homebuyers have their fair share of fears as they navigate the process, however, these fears aren't alike.
The housing industry's ever-competitive market is driving some homebuyers to even consider looking into haunted houses.
CoreLogic digs through its data to unearth the spooky details, as well as looking at the potential for house price declines a year from now.
With U.S. house prices hitting record highs this year, it's clear that it is becoming harder for prospective homebuyers to afford a home, especially if prices are rising faster than income.
"August data also suggests that the growth in housing prices, while still very strong, may be beginning to decelerate," says Craig J. Lazzara.
All 4 U.S. regions post month-over-month gains, but 3 of 4 post year-over-year declines.
Higher rates continue to reduce borrowers' incentive to refinance.
A report revealed that close to 10 million homeowners, age 65 and older, still make mortgage payments on their homes.
The Federal Housing Finance Agency's House Price Index reported a 1% increase in house prices from last month and a 18.5% increase year-over-year.
First American says prices, expected rate increases to affect house-buying power, but rising incomes could help.