Housing affordability drops to the lowest level since 1984
The monthly principal and interest payment on a median-priced house just surpassed $2,500 for the first time, a new record.
Source: marketwatch.com
Page 9 - Andy Walden News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Andy Walden. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Andy Walden Today - Breaking & Trending Today
Here's how much money you need to buy a $400,000 home with 8% mortgage rates
A median-priced home in the U.S. was $412,000 in September. Here's how much annual income you need to afford one.
Source: marketwatch.com
Two key indicators with with spooky significance
There are two numbers floating around econ media headlines lately that are (as we journalists love to say) psychological milestones.
Source: cnn.com
Why the housing market is going from tough to terrible
Mortgage rates are nearing 8%. Prices have climbed for the past three months straight. And there were fewer homes on the market in September than any September ever. No wonder home sales just hit a 13-year low. It is a crummy time to try to buy a house.
Source: cnn.com
Here's how much money you need to buy a $400,000 home with 8% mortgage rates
A median-priced home in the U.S. was $412,000 in September. Here's how much annual income you need to afford one.
Source: marketwatch.com