Future homebuyers cite prices, payments as top barriers

Americans who plan to buy a home in the next five years say affordability concerns are keeping them from purchasing now, according to a new survey. High prices, monthly payment worries, mortgage rates and down payment costs were among the top barriers.

Rates Recover Modestly

Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with the average lender dropping 0.03% to 6.5% for a top-tier 30yr fixed scenario. One reason for caution is that the rate improvement looks to be dependent

Help buyers look beyond rates

Mortgage rates matter, but they are not the only number shaping affordability. Real estate professionals can help buyers review seller concessions, buydowns, loan options, down payment programs and home choices that may make a purchase work now.

Realtors dive into ‘Clean Up Florida Waters’

Realtors® and volunteers across Florida are making waves this July as part of Florida Realtors®’ annual Clean Up Florida Waters effort, a statewide project that helps remove trash from beaches, lakes, rivers and other waterways.