Homes
Existing home sales break losing streak, barely. It costs between $90 and $107k to buy an existing home with 5% down. Here's the math. Can you afford this?
A Gallup poll just said U.S. families of 4 need $85k per year to survive. Right now it takes somewhere between $91k to $115k to buy a home.
New home prices of $420,800 right now. You need to make $115k to afford this with 5% down and $600 in other bills like credit cards and car loans.
Existing home sales down 14 of 15 months, and home prices now $388,800 for 86% of inventory. Is this affordable? Here's the math.
43% of home sellers gave out buyer freebies, 21% gave freebies and sold below asking price, and 16% gave freebies and dropped price. Here are the charts.
Key notes from NAHB on homebuilder confidence, how builders are making deals with buyers right now, and how many homes are getting built.
To promote both Zillow ChatGPT & Redfin ChatGPT home search launching, here's LOL satire about Zillow & Redfin bots going to war!
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