#housing-market-trends

#housing-market-trends

Independent professionals earn over $100,000 annually, but these highly qualified borrowers are often locked out of the housing market due to non-conforming income.

In seven California counties, more than half of all houses are owned by investors, with some counties seeing ownership as high as 82%. These counties are typically remote and known for tourism.

"After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report," says Sam Khater, Freddie Mac's chief economist.

Despite a rising influx of residents drawn to Miami’s temperate climate and vibrant culture, the housing market is experiencing a downturn, particularly in the luxury sector.

The report highlights that almost half of Americans can save on property taxes by protesting their assessments, with 40.5% of properties potentially benefitting nationwide.