Housing, insurance, and utility costs pushed U.S. household bills to a record $5.03 trillion annually, consuming nearly half of the typical household’s income and underscoring ongoing affordability pressures nationwide
"Something's got to give," implores ATTOM CEO Rob Barber. "Or a growing number of buyers will have no choice but to toss in the towel."
Redfin analyzes how rising rates may impact voters' decisions in the upcoming election
Redfin economists urge CA homeowners to take action while rates are low and activity is sluggish
The Philadelphia Fed's study finds limited borrower sophistication may provide lenders with market power.
Fannie Mae's latest Home Purchase Sentiment Index at all-time low
And 44% have taken on extra debt to maintain their lifestyle, according to a new survey from Clever Real Estate.
More sellers are listing their homes, but mortgage rates and steep home prices are suppressing sales.
The national median payment applied for by purchase applicants increased 2.3% to $1,964 in January.
Rising mortgage rates last year cut $305,000 off what a buyer could afford with a $3,000 payment, but that trend has started to reverse.