In 94 Percent of Major Markets, Home Prices Up

Hi all,

Happy Valentines’ Day! I hope you and your loved ones are enjoying the holiday, and that you have something very special planned for your partner today.

Did you know that home prices are remaining on an upscale? According to the National Association of Realtors, buyers continue to lean on low mortgage rates, and household incomes rose to $79,740—an increase of roughly $2,650 year-over-year! For first-time homebuyers, affordability also expanded last quarter. The average first-time homebuyer needed $48,288 for a mortgage, approximately $575 less year-over-year, and their average monthly mortgage payment slid to $1,006, assuming they had a 10 percent down payment.

If you’d like to know more, please follow this link.

Thank you all for your continued support, and may the rest of this year bring you good fortune, both in and out of the housing industry.

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