. The housing market remains stuck, with sales pushed lower by a lack of both affordability and inventory, recent credit tightening, higher interest rates and home prices firming up across the country after a brief correction last fall. For Nick Gaylord, the struggle to buy a home in Minneapolis has gone on so much longer than he expected. He has been looking at homes off and on for a year and a half and has lost out on bids he made on four homes.
The monthly principal and interest payment needed to buy the median-priced home rose to $2,258 in June, marking the highest payment on record, according to Black Knight. Nationally, it takes about 36% of the median household income to make the average mortgage payment — more than the recommended 30% allowance for housing. It’s only because of income growth since the fall of 2022 that May was not the most unaffordable month for housing in the past 37 years, Black Knight found.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sex scene in 'Oppenheimer' becomes latest target of India's Hindu nationalists | CNN BusinessChristopher Nolan’s latest blockbuster movie “Oppenheimer” has sparked controversy among the Hindu-right in India, with some calling for a boycott and demanding the removal of a sex scene in which the titular character utters a famous line from the religion’s holy scripture.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Elon Musk begins process of rebranding Twitter as X | CNN BusinessIn a radical rebranding, Twitter owner Elon Musk has begun the process of replacing Twitter’s iconic bird logo with X.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Elon Musk rebrands Twitter as X | CNN BusinessIn a radical rebranding, Twitter owner Elon Musk renames the social media giant 'X' and scrubs its iconic bird logo
Herkunft: cnnbrk - 🏆 393. / 55 Weiterlesen »
Ryanair warns the post-pandemic travel boom may be coming to an end | CNN BusinessThe travel industry has defied a global economic slowdown, enjoying record bookings and profits as pent-up demand following the pandemic fueled spending on air tickets and hotels. But that may be starting to change.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Blockbuster 'Barbenheimer' debut sparks hopes that cinema is back | CNN BusinessSummer blockbusters “Barbie” and “Oppenheimer” have given the troubled film industry a big shot in the arm, kindling hopes that consumers may have fallen back in love with the big screen three years after the pandemic forced movie theaters to close.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Spotify is hiking its prices | CNN BusinessSpotify is the latest streaming service to hike its prices.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »