Why buying a home isn't likely to get much cheaper even under Biden's housing plan

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buying a home

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The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to come, FHFA says

Tech Insider : Economy, Economy
housing market

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I got a 2.5% mortgage rate last year when everyone else was getting 6%. It's saving us $40,000 and helping pay off my medical bills for cancer treatment.

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Amy Yzaguirre, her husband, and son.
Amy Yzaguirre, her husband, and son.

Courtesy of Amy Yzaguirre

The Trump-supporting governor of Montana is staking his reelection on a set of 'miracle' YIMBY housing policies

Tech Insider : Economy, Politics
Rep. Greg Gianforte (R-MT) joins President Donald Trump at a
Rep. Greg Gianforte (R-MT) joins President Donald Trump at a "Make America Great Again" rally at the Bozeman Yellowstone International Airport on November 3, 2018 in Belgrade, Montana.

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The US housing market is slowly thawing, but 91% of homes are still overvalued, Fitch says

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housing market neighborhood

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Homebuyers need to earn 80% more than they did pre-COVID to comfortably afford a house in this market, Zillow says

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Homebuyers have to earn 80% more than they did pre-covid to comfortably afford a house today.
Homebuyers have to earn 80% more than they did pre-covid to comfortably afford a house today.

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Home prices continued to soar higher across the US in the 4th quarter

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A row or houses in Texas
While housing prices are significantly cheaper in Texas compared to California, property taxes are not.

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I bought a house in Japan for less than $45,000. I live in the peaceful countryside close to every convenience, and everything's cheaper here.

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A man with his arms folded standing in front of a black car.
Ned Watson bought an abandoned property in Japan's countryside in 2019.

Courtesy of Ned Watson.

The Florida city with cheaper homes and fun perks luring residents from Miami and New York

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Orlando, Florida.
Orlando, Florida.

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I started a 'mommune' with another single mom. We're 'soul sisters' raising 6 kids and 6 cats in the same house.

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Samantha Salem and Jess Rodenburg share a meal in a diner
Samantha Salem, 37, and Jess Rodenburg, 38, have formed a Kansas City 'mommume' with their six kids.

Courtesy of Samantha Salem

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