Home-buyer purchasing power increased 6.9% this July, meaning a homebuyer with a $2,500 monthly housing budget can afford a home priced $33,250 higher than a year ago, Redfin found, which it credited to historically low mortgage rates. But with home prices up 8.2% year over year in July, this home-buyer purchasing power is essentially canceled […more]
Posted in: San Francisco
Comments are closed.