Soaring mortgage rates are leading to a sharp drop in housing affordability, and subsequently, in homebuyer demand, but rate hikes may have already reached their peak
For the past two years, rental costs have skyrocketed to new highs in popular metros across the U.S. Could a housing recession bring them back to earth?
Renters are still saving more than homeowners when it comes to monthly housing costs, but in some metro areas, the gap between rental prices and mortgage payments is shrinking
As mortgage rates began climbing at the start of 2022, a number of homebuyers took out adjustable-rate mortgages with the hope of saving money, but as rates continue to rise, many now regret doing so
Sun Belt markets were red-hot during the mid-pandemic Great Migration, but as renters return to bigger metros, prices in these popular housing destinations are beginning to fall
After soaring to a peak 7% in 2022, interest rates are expected to fall by more than a percentage point in 2023, but for a number of priced-out buyers, a slight increase in housing affordability won't be enough