Demand for second-home mortgages fell twice as fast as mortgage demand for primary homes, as housing costs rose to new heights. An early look at
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic
Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re
Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage
The median U.S. home price rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023. Prices continue to
Many U.S. homeowners couldn’t afford to buy their home if they were to purchase it today because home prices have doubled over the last decade,
Demand for second-home mortgages fell twice as fast as mortgage demand for primary homes, as housing costs rose to new heights. An early look at
High home prices and rates sent home sellers and buyers to the sidelines in April and the start of May. But last week’s encouraging economic
Roughly 1 in 5 new mortgages went to low-income homebuyers in 2023, down from 23% in 2020. Meanwhile, high-income buyers have gained share because they’re
Inventory is below typical April levels, driving home prices up. Continually rising mortgage rates are further eroding affordability–and this week’s Fed meeting confirmed that mortgage
The median U.S. home price rose 5.2% year over year this week, and mortgage rates hit their highest level since November 2023. Prices continue to
Many U.S. homeowners couldn’t afford to buy their home if they were to purchase it today because home prices have doubled over the last decade,
