High Monthly Housing Expenses Cause for Pause
The Pro Builder
SEPTEMBER 14, 2023
High Monthly Housing Expenses Cause for Pause ldeakins Thu, 09/14/2023 - 10:19 With high median monthly mortgage payments, prospective buyers and sellers aren't too eager to jump into the for-sale market The U.S. housing market is experiencing an unprecedented affordability crisis, with the median monthly mortgage payment reaching a record high of $2,632 due to mortgage rates above 7% and a 4% year-over-year increase in home prices.
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