State offers affordable loans again to first-time homebuyers, with a catch – Los Angeles Times
Last spring, when the California Housing Finance Agency offered interest-free, no-monthly-payment loans to help low-income people come up with down payments and fees to buy their first homes, the entire nearly $300 million budget was wiped out. Ta.in just 11 days. Lawmakers then put an additional $225 million into the program during last year's state […]
Just over 15% of home listings were considered affordable in 2023: Redfin
Housing has become unaffordable for the majority of Americans. (iStock) Mortgage rates are finally starting to come down, but large parts of the country remain unaffordable. According to a recent report from Redfin. Only 15.5% of homes listed for sale in 2023 were considered affordable to the average U.S. buyer. This is the lowest share […]