Higher Home Prices and Mortgage Rates Made It Difficult for Home Buyers to Qualify in May 2023

July 18, 2023 Residential Real Estate No Comments
With a monthly mortgage payment increase of 3.7% and a 2.8% rise in the median price of single-family homes, qualifying for a home loan was more challenging for potential buyers in May 2023.

www.nar.realtor – Research

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