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 »
- New sales numbers are out. These 9 charts show what’s happening where you live
- Back to the land: What real estate agents need to know about the off-grid and homesteading surge
- Many buyers think home prices will only rise. Is that a safe bet?
- Down payments set shrinking course for 1st time in 2 years
- 7 metros where you can snag a luxury home for less than $1M
More from home pricesMore posts in home prices »
- Is fall the new spring? Market winds may be shifting, NAR says
- Should they stay or go (down) now? Forecasters are split on where mortgage rates will be in 2026
- How the growing buyer power shift is reshaping the real estate market
- Lenders getting a jump on higher 2026 conforming loan limits
- These are the states where homeowners will benefit most — and least — from new SALT cap
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 »
- Is the mortgage lock-in effect ending? These numbers offer clues
- Pending home sales jumped 4% in August in positive market signal
- Hopeful but wary, agents report slippage in listing pipelines: Intel
- Here are the stories you missed amid the Compass coverage
- Former agent convicted of swindling woman out of her home
More from News BriefMore posts in News Brief »
- Zillow bashes CoStar in request to transfer lawsuit
- In copyright battle with Zillow, CoStar says the portal giant ‘brazenly’ keeps at it
- Pending home sales jumped 4% in August in positive market signal
- Former agent convicted of swindling woman out of her home
- Is fall the new spring? Market winds may be shifting, NAR says
More from Todd TetaMore posts in Todd Teta »
- 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
- Underwater homeowners gain breathing room as prices climb
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