Drops
Housing Affordability Drops as Mortgage Payments Spike 51% From May 2021
Compared to one year ago, affordability fell in May as the monthly mortgage payment climbed 51% and median family income rose by 4.5%. www.nar.realtor – Research
National Delinquency Drops Below March 2020 Level for the First Time Since Onset of the Pandemic
Another good indicator of a strong economy, was revealed in CoreLogic’s monthly Loan Performance Insights Report for November 2021. In November, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease compared to November 2020, when it was 5.9%. […]
Housing Affordability Drops Modestly in July 2020 as Median Family Prices Reach All Time High
At the national level, housing affordability showed signs of improvement in July 2020 compared to a year ago but dipped compared to June. www.nar.realtor – Research