November 2015

Homes with good schools unaffordable on average wages, new study finds

  Chicago rare metro with zip codes both hard and easy to afford Bloomberg In some places, like Atherton, Calif., it’s basically impossible to buy a home in a district with a good school on an average wage. Nearly two-thirds of U.S. zip codes with good schools are unaffordable to homebuyers making an average wage, according to a study released Thursday. The real estate data firm...

Gap between what homeowners and appraisers think is improving

Average home appraisals in October were 1.98% lower than what homeowners expected, marking the second consecutive month the spread has tightened after a long stretch of it widening, according to the most recent data from Quicken Loans. This is also the ninth consecutive month where homeowner’s estimates of value exceeded the appraised value of the home. Click to enlarge (Source: Quicken...

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