Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
After forecasting housing price declines of approximately 0.3% this year, experts have adjusted those predictions this quarter to reflect an increase in prices by 3.7%
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
Interest rates will stay between 2.25% and 2.5%, thanks to a healthy economy