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Average earner would struggle to buy home on their own in 68% of counties: study

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Attom Data Solutions released the results of its Q1 2018 U.S. Home Affordability Report, which showed that average wage earners ($57,009) could not afford a median priced home in 68 percent of U.S. counties (304 out of 446) ... from real estate news and flip houses http://bit.ly/2Gly3Rt Real Estate Investing News proudly brought to you by Real Estate Sales LLC. Your Real Estate Investing Expert Coach
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The Markets That Are Millennial-Ready: Report

The generation with the highest influence in the market is millennials—and, according to a new report, the cities most popular for them are in the Mid-Atlantic and Midwest. Analysts assessed data from LendingTree about millennial mortgage inquiries and offers in the past year, determining that Buffalo, Des Moines and Pittsburgh contained the most borrowers from Generation Y. In Buffalo, millennials made 40.5 percent of LendingTree purchase requests; in Des Moines, they made 42.4 percent of requests; and in Pittsburgh, they made 41.9 percent of requests. In addition to the top three, other cities with concentrations of millennials are (in order) Lansing, Mich., Fort Wayne, Ind., Grand Rapids, Mich., Scranton, Pa., Syracuse, N.Y., Youngstown, Ohio, and Minneapolis, Minn. “From a housing market perspective, tight inventory is boosting prices in many markets, and millennial homebuyers must now contend with rising mortgage interest rates reducing their buying power,” says Tendayi Kapfid...
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New home sales continue upward course in June

New home sales increased in June, continuing the upward trend which began in May. Home prices finally decreased during June as total housing supply and the month’s supply at the current sales rate both decreased. from real estate news and flip houses http://bit.ly/2vIWmzD Real Estate Investing News proudly brought to you by Real Estate Sales LLC . Your Real Estate Investing Expert Coach
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