Tag Archives: mortgage payments

In 5 months, homebuyers have lost $30K in purchasing power

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It doesn’t matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options. Continue reading →

‘Storm of rising costs’ is giving some persistent homebuyers an edge

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Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75 percent more on the typical mortgage payments than in 2019, according to Zillow. Continue reading →

Making $67K? That’s no longer enough to buy the typical US home

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The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Continue reading →

House payments have skyrocketed. Are they finally beginning to peak?

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Mortgage payments are as high as it’s been in recent memory. But a sudden slowdown in growth may spell a turning point for the market. Continue reading →

Mortgage delinquency rates continue their descent: CoreLogic

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The number of homeowners who are more than 30 days late on mortgage payments dropped for the 11th straight month in February. Continue reading →

Is now a good time to buy a home? Agents confront mortgage riddle

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Buyers have watched mortgage rates shoot from 3 percent to 5 percent this year alone, and that common refrain — “Is it really the best time to buy?” — is always top of mind for clients, agents told Inman. Continue reading →

Home prices see double-digit price surge across almost 80% of metros in Q3: NAR

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The median sales price of single-family existing homes increased in 99 percent of the 183 markets measured by the National Association of Realtors, while 78 percent of markets saw double-digit price gains. Continue reading →

Housing affordability improves for second consecutive month

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Despite market headwinds, housing affordability improved for the second consecutive month, according to the National Association of Realtors’ August Housing Affordability Index. Affordability improved on a national and regional basis, with the greatest… Continue reading →

Fears of pandemic-induced foreclosure wave ease

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Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment on their loans or paid them off. Continue reading →