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Families Must Spend 38% of Their Income on Mortgage Payments, New Index States

USA Real Estate News-RISMedia - 9 hours 19 min ago

National Association of Home Builders (NAHB) and Wells Fargo have released a new quarterly Cost of Housing Index that underscores the housing affordability crisis in America. The report revealed that in Q1 2024, 38% of a typical family’s income was needed to make a mortgage payment on a median priced new single-family home in the…

The post Families Must Spend 38% of Their Income on Mortgage Payments, New Index States appeared first on RISMedia.

Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low

USA Real Estate News-RISMedia - 9 hours 45 min ago

Consumers are experiencing conflicting feelings about the economy as differing reports come in from The Conference Board and University of Michigan, with a more positive assessment of the current business climate clashing with renewed worries about inflation. Consumers’ confidence reversed course and saw an increase in May after three months of decreases, according to the…

The post Consumer Confidence Sees First Increase in 3 Months as Sentiment Hits Low appeared first on RISMedia.

Chad Carroll transformed golf training into real estate success

USA Real Estate News-Inman - 16 hours 53 min ago
Compass Florida's No. 1 agent got into real estate at one of the worst times, right after the 2008 recession. But early sports training cultivated in him a dedicated work ethic that has allowed him to soar to great heights in his career.
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