“Lower incomes among renters combined with high housing costs means it’s an uphill battle for those who are looking to save for a home in America’s most populated cities.” »MORE: Compare mortgage.
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The wasted 4.44% mortgage rate – FORTUNE — It appears even the bright spots of this tired economy are still working against heavily indebted homeowners. Mortgage rates have hit new lows nearly every week, but many borrowers are.
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Median Manhattan home price: $840,000 – Four of New York’s biggest residential real estate brokers issued manhattan market reports Tuesday and all indicated that home prices were, essentially, flat during the fourth quarter of 2010..
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Foreclosure easing in big cities but still spreading – But that doesn’t mean the healing has begun. In a release issued Thursday, RealtyTrac, a leading online marketer of foreclosed homes, reported that foreclosure filings declined in 14 of the top 20.
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