Homebuyers used to be able to count on falling mortgage rates and rising wages to offset red-hot home prices. That’s no longer the case.
Source: Inman News
Pay raises aren’t keeping up with rise in home prices, mortgage rates
Published in annual income, ATTOM Data Solutions, home affordability, home prices, income, Markets & Economy, News Brief, Todd Teta and wages
More from ATTOM Data SolutionsMore posts in ATTOM Data Solutions »
- AI smoothing mortgage income and employment verifications
- Cost of insurance, property tax top triggers of mortgage delinquencies
- More US mortgages are ‘seriously underwater’ as equity dwindles
- Home values surge to new record as median prices climb to $350K
- 3 years after lockdown, foreclosed homes remain rare but on the rise
More from home affordabilityMore posts in home affordability »
More from home pricesMore posts in home prices »
- Delistings and discounts jump as holiday season approaches
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Rising unemployment revives prospects for December rate cut
- Northeast sees strongest price gains in Q3 as median single-family home price hits $426,800
- ‘Signs of deceleration’ bedevil US home prices
More from incomeMore posts in income »
- Buying vs. renting: The income gap is widening, Redfin says
- Buyers need $7,200 more than in 2022 to afford ‘starter’ homes
- Want to buy a home? You’ll need to earn at least 6 figures
- Making $67K? That’s no longer enough to buy the typical US home
- Home prices may be ‘unhinged’ from fundamentals, Fed analysts say
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from News BriefMore posts in News Brief »
More from Todd TetaMore posts in Todd Teta »
- ATTOM data tool sniffs out true ownership of properties in LLCs
- Mortgage database created to track bad actors now a recruiting tool
- Home lending activity drops at fastest pace in 3 years
- Yes, wages really are rising faster than rent in a majority of counties
- Profit margins drop on fixer-uppers as flip sales ramp back up
More from wagesMore posts in wages »
- Home prices hit new highs in 2024. These 2 factors could ease the pain
- Mortgage rates ease for 3rd day in a row on soft April jobs report
- Surprisingly strong jobs report sends interest rates soaring
- Home prices may be ‘unhinged’ from fundamentals, Fed analysts say
- Home affordability erodes at fastest annual pace since 2004
Be First to Comment