Bank of America is offering zero down payment mortgages to first-time minority homebuyers in five U.S. cities, but in the event of a housing downturn, the program could burden more recipients than it benefits
Some popular housing markets are poised to see long-awaited price drops as the Fed forces sellers to realign their expectations to accommodate budget-conscious buyers
The upper end of the housing market saw the strongest competition throughout the pandemic, but as housing costs surge to new highs, buyers are now going toe to toe for the lowest-priced homes
It could take some time for single-digit price reductions to make a substantial dent in overall housing affordability, especially after years of record price appreciation
Over the past several years, the housing market has been described as volatile, overheated, and brutal, but most recently, experts are using a more optimistic buzzword: balanced
At the start of the year, it seemed impossible for home prices to fall from record highs, but as mortgage rates climb higher and buyers pull back, a downturn may be on the horizon after all
Homebuyers who flocked to Sun Belt metros sent prices soaring throughout the pandemic, and rapid inflation is only exacerbating an existing affordability crisis
