Part of shopping for a house to buy is calculating whether or not you'll be able to comfortably afford the monthly mortgage payment. Nobody wants to buy a house that causes them financial stress. So
Home Price Increases Continue To Slow
Naturally, home prices are important to home buyers. When they're high, you get less house for your money. And, if you're a buyer, you're most likely trying to get as good a deal as you can. That's why the most recent S&P/Case-Shiller Home Price Indices should be encouraging news. The Index – which is the leading measure of U.S. home prices – found that, on a month-over-month basis, prices are flat and, on an annual basis, the rate of increases has continued to slow. David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, says prices have been following a gradual trajectory. “The pace of increases for home prices continues to slow,” Blitzer said. “Homes began their climb in 2012 and accelerated until late 2013 when annual increases reached double digits. Subsequently, increases slowed until now when the National Index is up 4 percent in the last 12 months.” More here.
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Determining when it's a good time to for you to buy a house means thinking about things like market conditions, your life goals, job security, and personal finances. That's why Fannie Mae's monthly