Affordability Has Increased for Many #MedianIncomeBuyers #HomeBuyers #RealEstate #NewHomeBuyers #MassachussettsHomeBuyers

Affordability Has Increased for Many Median-Income Buyers

While house prices are rising in a robust market, low interest rates are making homeownership more affordable than it was 20 years ago, according to the winter edition of “The Housing and Mortgage Market Review (HaMMR),” released Thursday by Arch Mortgage Insurance Company (Arch MI).

The review—created by Arch MI’s Chief Global Economist Ralf DeFranco, SVP Rob Hardie, Senior Writer Jo Fleischer, and Senior Graphic Designer Jordan Yuen—focuses on affordability and its impact on the rate of homebuilding across the nation. It also examines how historically low mortgage rates are contributing to increased affordability for median income buyers across the nation. Additionally, the authors look at the potential impact Biden’s administration will have on housing policy and detail trends in the nation’s Five Most Affordable Cities with growing job markets (Indianapolis, IN; Atlanta, GA; Raleigh, NC; Columbus, OH; Nashville, TN).

The post Affordability Has Increased for Many Median-Income Buyers appeared first on theMReport.com.

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FIRST TIME HOMEBUYERS

First Time Home Buying in Massachusetts

MABA Buyer Agents help first time home buyers reduce the stress and frustration normally associated with buying a home or condo – especially for first time home buyers.

As a first time homebuyer in Massachusetts, you can turn to our non-profit organization to help you understand and navigate the complexities of the entire Massachusetts real estate transaction, from mortgage pre-approval until you are handed the keys to your new home or condominium. Each of our member buyer's brokers and agents works only for their buyer-clients and never for the seller of the home or condo that their buyers want to buy.

MABA Buyer Agents will take the time to learn about you and your real estate goals, help you understand your options, including first time home buyer programs, properties and/or condominium associations, estimate real property values and put together a negotiating strategy to help you increase the odds of getting your offer accepted in our competitive Massachusetts real estate market. After advocating to get your offer accepted, your MABA buyer's agent will be there for you at your home inspection and help you protect your deposit through the inspection, purchase & sale and financing contingency periods.

You can buy your first home or condo with confidence knowing that your MABA buyer agent is committed to saving you time and money and helping you make your best home buying decision.

Selecting the Right Homebuyer's agent

Unlike most other real estate agents, a MABA home buyer's broker never represents both a buyer and seller in the same transaction so you never have to worry whether a MABA agent is really looking out for your best financial interests. A MABA buyer's agent acts as your advocate, real estate educator, advisor and negotiator, always loyal to you and dedicated to helping you find and buy the best home with the best terms at the price and showing you which homes to avoid along the way.

Fewer than one percent of the agents and brokers in Massachusetts meet our high standards. 

Whether you are ready to buy now or just beginning your home buying journey, click here to choose a Great Buyer's Agent to answer all of your home buying questions!