Slowed home price growth, declining mortgage rates and rising incomes will contribute to the typical mortgage payment becoming affordable in 20 out of 50 of the country’s largest metro areas this year, the most since 2022. Continue reading
The 4.7 percent annual drop in monthly payments has yet to bring buyers or sellers back to the market in a significant way, but this may largely be due to seasonality, economists say. Continue reading
Home prices climbed in 77 percent of metro areas during the third quarter of 2025 as the median single-family home price in the U.S. rose by 1.7 percent year over year. Continue reading
According to a new report released Thursday by the National Association of Realtors (NAR), 83 percent of U.S. metro areas saw year-over-year price increases for single-family existing homes, down from 89 percent in the final quarter of 2024. Continue reading
Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year. Continue reading
A dip in the weekly average for 30-year mortgage rates dropped the average mortgage payment to $2,575 in November, and homebuyers are taking advantage. Continue reading
It doesn’t matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options. Continue reading
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
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
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