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Affordability & Homeownership Upside. [#DHallTheINSIDER]

insider 11_07_2017
Photo Source: Instagram via @livehappygr

Home affordability has increased thanks to low mortgage rates. Rising home prices might have some folks arguing affordability has worsened but if looking at the housing market as a whole and long term, it’s actually not that bad—affordability across the country remains favorable to purchase a home.

A recent report proposes 25 reforms to improve homeownership. One such proposal was a student-debt mortgage that would allow homebuyers to consolidate any unpaid student debt into their mortgage when purchasing a home, thus lowering their monthly payment.

Speaking of homeownership, rumor (or fear) is the proposed new tax plan might dissuade people from buying a home. We have a different take, one our Paul discussed in this week’s mortgage minute. You can watch it here.

CoreLogic’s Home Price Index report for September showed home prices rose 0.9% from the month prior and are up 7% from September 2016.

Grand Rapids, MI made the cut at No. 4 for Metros with the Highest Home Appreciation. According to Headlight Data, the city had the fastest job growth in the United States last year. It’s a city not afraid to go big, growing upward in the heart of downtown and a health care sector gaining recognition. Let’s not forget its title of Beer City USA, too.

nov 2017 metros with highest home appreciation

Hall Financial (NMLS #1467435) was formed in early 2016, founded on a common mission: to be the most client focused mortgage company in the industry’s history. We were going to stop the trend of treating homeowners and homebuyers as transactions and instead, welcome them as family. We were going to treat them like the queen of England. Here, we bring you up to speed and keep you in the know with the latest housing news, home trends, and more!

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