The sum would cover 10% of the down payment in 17 of the largest US metros, Realtor.com reports.
Tagged: Affordability
Regional variations in homebuyer sentiment likely a function of new supply variations in those regions, Fannie Mae reports.
Deals are falling through as buyers grow selective and the reality of high housing costs hits home.
ATTOM reported major home-ownership expenses now consume 35% of average wage nationwide.
Those three states had 34 of the 50 counties around the U.S. considered most vulnerable to declines.
Economists say market is pricing out buyers
Rising home prices and mortgage rates pushed monthly payments up 15% last month, year over year.
Not all costs are fixed for a fixed mortgage — insurance, maintenance, property taxes, and utilities.
MBA releases February PAPI.
The MBA's measures of affordability show slight improvement to close out 2023.