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Housing Affordability Conditions Fade as Mortgage Rates Push Monthly Payments Higher in June 2022

The monthly mortgage payment increased by 5.3% in June 2022, compared to the prior month, while the median family income increased by 1.4%. www.nar.realtor – Research

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Existing Home Sales Post Third Monthly Loss in April

Existing home sales posted their third monthly loss in April, falling 2.7 percent compared to sales in March. The National Association of Realtors® (NAR) said seasonally adjusted sales of single-family homes, townhouses, condominiums, and cooperative apartments were at a rate of 5.85 million units compared to 6.01 million the prior month. The annual rate has […]

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