02/24/2020
Low Rates Boost Homebuying Power 16%
The median monthly income that is now required to purchase a home is now 20.6%, the smallest payment-to-income ratio in two years….
…"The national home-price-growth rate gained a good deal of steam as mortgage interest rates declined throughout the second half of last year. In fact, December marked four consecutive months of home price growth acceleration and the largest single-month acceleration in more than 6.5 years, while the annual rate of appreciation saw nearly a full percentage point increase over the last four months of 2019, closing out the year at 4.7 percent.”…