Saturday, August 23, 2014

High Rents Prevent Potential Buyers From Owning

High Rents Prevent Potential Buyers From Owning
Home prices rose to $174,800 in July, up 0.2 percent from June and 6.5 percent from this time last year and Fixed Mortgage Rates Sink to Lowest Level of 2014 this week. At the same time, renters signing leases at the end of the second quarter paid 29.5 percent of their income toward rent, compared to 24.9 percent in the pre-bubble period. What does this means for the future of the housing market could it be trouble? Read more.

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