Despite a strong market, American families are facing unaffordable housing, Fannie Mae CEO Timothy Mayopoulos told FOX Business on Tuesday. “The greatest challenge in housing now is not home price appreciation but really affordability for families,” Mayopoulos told Dagen McDowell during an exclusive interview on “Mornings with Maria.” The government-sponsored enterprise, which provides housing finance […]
Housing affordability deteriorating at fastest pace in 25 years
U.S. housing affordability is at its worst level in decades and is only expected to deteriorate further over the course of the year. In the first quarter of 2018, affordability worsened by 5% as the cost of having a mortgage rose, according to a report from Arch Mortgage Insurance. The picture is only going to […]
What Are Closing Costs?
Closing, or settlement, costs are expenses over and above the price of the property. Where you are dealing with real estate in Charlotte or anywhere else, both the buyer and seller incur some of these expenses when transferring ownership of a property. Who actually pays, however, often depends on local custom and what the buyer […]