Housing Affordability Hits Worst Level in 37 Years
It now takes 35.51% of the median household income to make a principal and interest payment on the median home with 20% down.
Recent
Mortgage Rates Close in on 6%, Highest Since 2008
Rates have surged nearly three-quarters of a point in just three weeks and are now over 2.5 percentage points higher than the start of this year.
Jim Cramer Has Turned On Cryptocurrency But Is Bullish On Multifamily Real Estate
Talk show host Jim Cramer is veering away from speculative assets. This is not surprising, as Fed's hawkish stance has sent shockwaves across markets.
Housing Expert: ‘This Might be the Worst Time You Could Buy’
“From an affordability perspective, this might be the worst time you could buy because mortgage rates have spiked quite a bit,” Chistopher Mayer.
Housing: BofA Downgrades Three Homebuilders as Housing Downturn Accelerates
Analysts from BofA cutting their rating on shares of three homebuilders in a note out Thursday as the housing market faces an economic slowdown.
Housing Market 'In Much Worse Shape' Than Fed Wants to Admit: Economist
Data this week on new home sales and pending home sales reflected sharp drops from last year and showed the impact higher interest rates.
US Mortgage Lenders Are Starting to Go Broke
US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates.
