The average monthly mortgage payment jumped 54% year over year in June while the median household income rose only 5.8%, according to the National Association of...CONTINUE READING ARTICLE
WASHINGTON...CONTINUE READING ARTICLE
Archives for August 2022
Homes Haven’t Been This Unaffordable Since 1989
August 26, 2022
Posted in
Housing Market
no comments yet
‘Did I Miss the Top of the Market To Sell?’ What To Consider If You’ve Been Waiting in the Wings
August 23, 2022
Over the past couple of years, buying and selling a house has become a form of gladiatorial combat, defined by...CONTINUE READING ARTICLE
Posted in
Selling A House
Inching Closer to Recession
August 21, 2022
The U.S. gross domestic product contracted in the first quarter by 1.5%. The stock market has been tumbling. Inflation is stubbornly high. The Federal Reserve plans to continue raising...CONTINUE READING ARTICLE
Posted in
Housing Market
Mortgage Rates Switch Direction, Rise to 5.22%
August 16, 2022
Last week, mortgage rates dropped below 5%; this week, they changed direction. One year ago, the average 30-year, fixed-rate mortgage averaged 2.87%.
Posted in
Home Buying
What Does the Rest of the Year Hold for Home Prices?
August 11, 2022
Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home...CONTINUE READING ARTICLE
Posted in
Housing Market