Redfin report indicates monthly payment at all-time high of $2,894
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Redfin report shows low-income earners represented just 20.6% of all mortgages in 2023
Rising home prices and mortgage rates pushed monthly payments up 15% last month, year over year.
Redfin says sellers are cutting their asking prices in the two southern states.
Redfin Home Price Index shows 0.6% growth month-over-month
Buyers living in the lap of luxury don't stress about mortgage rates, Redfin reports.
Amidst mortgage rates climbing, the median U.S. home-sale price increased 5% from a year ago.
Majority of Fla. and Calif. survey respondents have been affected by insurance woes or live in an area that has, Redfin says
Redfin report shows less renter confidence from a year ago
Redfin says buyers’ costs will likely stay high due to inflation news.