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Record High Monthly Housing Payments Put Chill in U.S. Spring Selling Season

Record High Monthly Housing Payments Put Chill in U.S. Spring Selling Season

Based on new data from Redfin, the median U.S. monthly housing payment hit an all-time high of $2,894 during the four weeks ending May 5, 2024, up 14% from a year earlier, and home prices rose 4.5% to their own record high.

U.S. Mortgage Rates Continue to Climb in Early May, Fifth Consecutive Week

Based on the most recent survey from Freddie Mac's Primary Mortgage Market Survey, the average rate for a 30-year fixed-rate mortgage in the U.S. stood at 7.22 percent as of May 2, 2024.

Most Popular U.S. Home Remodeling Projects Revealed

Based on the National Association of Home Builders newly released Remodelers Survey, results revealed that bathroom and kitchen remodels remain the most popular projects in 2024.

In Today's Economy, 58 Percent of U.S. Homeowners Can't Afford to Buy Their Current Home

According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn't afford to repurchase their current homes at today's prices and mortgage rates.

U.S. Mortgage Rates Continue to Climb Above 7 Percent in Late April

Based on Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage averaged 7.17 percent as of April 25, 2024.

Developer Spotlight

Cincinnati Property News

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U.S. Mortgage Rates Continue to Climb Above 7 Percent in Late April

Posted on April 26, 2024
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Driven by High Rates, U.S. Commercial Lending Imploded 47 Percent in 2023

Posted on April 24, 2024
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Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.

Posted on April 23, 2024
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U.S. Housing Starts Dive 14.7 Percent from High Interest Rates in March

Posted on April 17, 2024
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U.S. Pending Home Sales Down 7 Percent Annually in February

Posted on March 29, 2024
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U.S. Commercial, Multifamily Mortgage Delinquency Rates Uptick in Q4

Posted on March 19, 2024
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NAR Agrees to Landmark $418 Million Settlement, Altering Commission Payments Forever

Posted on March 18, 2024
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Majority of U.S. Voters Say Housing Affordability Affects Their Pick for President in 2024

Posted on March 13, 2024
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Want to Sell Your American Home at Max Price, List in June

Posted on March 11, 2024
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Exploding AI Growth Driving Up Data Center Use and Asset Prices in U.S.

Posted on March 08, 2024
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U.S. Annual Home Price Growth to Slow to 2.6 Percent by Year End 2024

Posted on March 07, 2024
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U.S. Mortgage Rates Continue to Rise for Fourth Consecutive Week

Posted on March 06, 2024
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Nonresidential Construction Spending in the U.S. Falls Sharply in January

Posted on March 05, 2024
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Pending Home Sales in U.S. Dip 5 Percent in January

Posted on March 01, 2024
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U.S. Mortgage Rates Uptick in Early February

Posted on February 14, 2024
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U.S. Commercial, Multifamily Borrowing Dives 25 Percent Annually in Late 2023

Posted on February 13, 2024
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Record High Multifamily Construction Deliveries Drive Vacancy Rates Higher

Posted on February 12, 2024
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Homes in 86 Percent of U.S. Metros Enjoyed Price Gains in Q4

Posted on February 09, 2024

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