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PA home builders deal with high labor expenses due to retiring craftsmen and trade shortages. State bureaucracy delays construction, inflating Pennsylvania housing costs.

Home prices in Pennsylvania have hit a record high of ~$229K in June. This is ↑ 4% MoM and ↑ 5.5% yearly.

When taking out a loan, lenders may look into your financial background and ask for a downpayment or collateral. Collateral is a form of guarantee for the lender that if the borrower does not make their payments, the lender can take possession of the collateral, such as the property for a mortgage loan. Secured loans,

Plan your finances and consult an advisor before house hunting to set a budget within 30-35% of your income. Define must-have features based on lifestyle and plans to streamline the home-searching process after budgeting.Mortgage pre-approval helps serious buyers determine affordability, compare lenders, and gain a competitive edge.

Lenders have guidelines regarding max DTI to approve a loan. Many lendaers allow for DTI ratios up to 50%. Still, loans with higher DTI ratios typically have worse terms. Higher DTI may require a higher down payment to meet loan approval criteria.

El mercado inmobiliario se está enfriando, pero no es probable que se produzca un desplome, al menos de momento. La ley de la oferta y la demanda es la principal razón por la que no es probable que se produzca un desplome a corto plazo. A pesar de los tipos más altos, muchos consumidores siguen

The traditional single-family home model is expected to change due to space limitations. Mortgage rates are expected to ↑, making affordability a challenge. Builder activity and zoning reforms are seen as potential solutions to improve affordability.

The US Federal Reserve, headed by Governor Michelle Bowman, has expressed its support for the recent interest rate hike decision taken at the Federal Open Market Committee (FOMC) conference last month. Bowman believes that further rate increases will be necessary to bring inflation down to the FOMC's 2% target. Chairman Jerome Powell has also suggested

El número de viviendas en venta activa ↑ 7,1% anual, pero el ritmo de crecimiento se ralentizó por cuarto mes consecutivo. Los vendedores de viviendas se mostraron menos activos, con ↓ 25,7% menos de nuevas viviendas puestas a la venta al año.