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This hurts: >> Also, the median sales price for homes in the U.S. was $384,800 in September, an 8.4% spike from the $355,100 price tag in September 2021 as pri
by adamredwoods 4y ago
This hurts:
>> Also, the median sales price for homes in the U.S. was $384,800 in September, an 8.4% spike from the $355,100 price tag in September 2021 as prices climbed in all regions, the association reported.
>> Assuming a 10% down payment, the monthly mortgage is $1,000 higher than a year ago, Evangelou said.
Low inventory, and even lower seeing how construction is not keeping up with demand, is keeping housing prices up. For someone like myself who owns but wants to move to a bigger house, I cannot because the interest rates are so high. This locks up the market even more.