On Thursday’s spread of” NBC Nightly News”, NBC News Business and Data Correspondent Brian Cheung stated that, according to NBC’s fresh homebuyer score, “it’s been harder to buy a home than any other time in the last generation”. And” the average household is almost$ 70, 000 more than the average family can purchase”.
Cheung said,” A novel NBC News homebuyer score shows, across the U. S., since 2022, it’s been harder to buy a house than any other time in the last decade. The index accounts for factors like median home sale prices, which over the last year, are up 6 %, mortgage rates also climbing around 7 % for a 30- year fixed, but also accounts for available inventory, still tight, but getting a little better, up almost 13 % nationwide. The general level of difficulty in buying a home is ranked according to the NBC News homebuyer catalog, which ranges from zero to 100. In April, that estimate was 82.4, near an all- time higher. Language, the average household is almost$ 70, 000 more than the average household is purchase”.
According to him,” Experts say it’s unlikely that the housing market will ease up for buyers anytime immediately.” Potential customers will likely be waiting even longer for that desire home due to prediction that predict mortgage costs will be close to 7 % through the year’s end.
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