Affordable homes, low mortgage rates and rising rents have combined to change the dynamics in the Lehigh Valley’s housing market. young people who were reluctant. Rising rents help motivate them.

And it happens on every level of your home purchase.. And the bigger the loan, the higher the closing costs and borrowing fees. “Interest rates are so low.. Decades ago, most people believed housing prices would keep.

U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last month at a.

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WASHINGTON – U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last month at a seasonally adjusted annualized rate of 5.42 million units, up from 5.29 million in June.

“The No. 1 constraint, despite low mortgage rates, is that people can’t find housing. costs. There’s just too little to buy, and too much competition. Dean Rusch, a 29-year-old chemical-plant.

The incomes of young adults have grown modestly since 2000, and fewer young adults are participating in the labor force; contributing to the decline in the homeownership rate. Increases in the number of young adults living in densely- populated metro areas, where housing is more expensive, also depressed the homeownership rate.

If you’re a parent and your adult child is still living at home, you are far from alone. Despite historically low mortgage rates, many young adults just don’t have the financial ability these days to purchase their own home.. Young adults’ financial concerns is a contributing factor to lower buyer demand for for-sale homes, according to a new commentary from Fannie Mae’s Economic and.

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Adults who rent their homes are. they would like to buy a house at. of choice and less likely to say. not affordable for young adults. mortgage interest rates) and. But rising home prices in and. homeownership today is lower.

What I found out is that the federal housing authority finances about one in five homes. people’s mortgages,” he said. Michael views programmes that allow people to finance such a large percentage.

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