Hardt Real Estate

Rising mortgage rates are not yet jeopardizing housing affordability, according to a new report by Goldman Sachs that found affordability still far above past average levels.

“For a mortgage interest rate of 3.81 percent, the average homebuyer can afford to buy a house worth $279,000 – 45 percent above the current median sales price of existing homes,” according to the Goldman Sachs report. “Even if mortgage rates continue to increase from here, the median home will still be affordable to the median borrower, based on the conventional 25 percent debt-to-income threshold.”

Goldman Sachs researchers say that from 2014 to 2016, they expect housing prices will increase about 4 to 5 percent each year.

Impact of Rising Mortgage Rates on Home Sales Mortgage rates will continue to rise. They will probably be near 5 percent by this time next year, compared to the 3.5 percent average of the past 12 months...

11 tips for creating a welcoming entry way: http://bit.ly/HLfb_FrontEntry

These quick and easy tips can make your front door shine.

50 acres of waterfront in Greenwich, Connecticut recently hit the market at $190 million, becoming the most expensive listing in the U.S. | http://bloom.bg/10M78gj

(Photo: Zillow)