Homeownership cost spiraled upwards last year
Everything about financing a home purchase surged last year
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Everything about financing a home purchase surged last year
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Mortgage rates have reached the highest level in 20 years, meaning some first-time home buyers could face a tough time trying to purchase a house.
After nine months of leading metro areas across the country in year-over-year increases in home prices, Miami fell out of the top spot in May
June is National Homeownership Month and with rising interest rates and home costs, getting to own a home is becoming more and more costly.
The median existing home price was $396,100 last month, down from 3.1% from a year ago
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Guests: Eileen Higgins/MIAMI-DADE COUNTY COMMISSIONER
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
South Florida is still a seller's market despite rising mortgage rates
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Home sales continue to decline and mortgage applications are at their lowest level in 25 years.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
