Sellers Retreat from the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates

Sellers Retreat from the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates

Black Knight, Inc.’s Data & Analytics division released its latest Mortgage Monitor Report, based on the company’s mortgage, real estate, and public records datasets. With both supply and demand in the housing market being impacted by a volatile...
Homebuyers’ Monthly Payments Hit All-Time High as Mortgage Rates Rise, according to Redfin Report

Homebuyers’ Monthly Payments Hit All-Time High as Mortgage Rates Rise, according to Redfin Report

The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin, the technology-based real estate brokerage. That’s dampening demand and preventing many would-be sellers from...