Despite the U.S. median rental price reaching a new high in June, climbing mortgage rates drove monthly starter homeownership costs up nearly 30%—an estimated $561 higher than rents.
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The year is up and as the first bits of data for the fourth quarter of 2021 begin to come in, new data shows that home affordability hit a new low last year in a majority of counties across the country due to surging real estate prices and ...
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According to new data, homeownership costs about $9,000 year—not including mortgage payments. Could this put buyers at risk of foreclosure if they’re not properly prepared?
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