In this difficult housing market, many recent home buyers are either behind in their payments or owe more money on the home than it is worth. For some homeowners behind in their payments, a job loss or other financial calamity accounts for their inability to pay. For other homeowners, it was that they were sold on a loan with ...
With the release of this week's Weekly Market Activity Report we find that the Twin Cities Housing Affordability Index hit a near 4-year high!The Housing Affordability Index takes into account interest rates, area median income, and median home sales price. With both sales prices and interest rates falling recently, we find the Index has increased ...