Florida is one of the least affordable states in the country to buy a home, according to the latest data from the Mortgage Bankers Association, as high mortgage rates keep buyers out of the market.Why It MattersWith its sunny weather, relaxed lifestyle, and relatively cheaper cost of living and housing, Florida attracted a flow of new residents during the COVID-19 pandemic.
Median household income across the state is $75,000.'What People Are SayingNick Gerli, the CEO of Reventure App, wrote on X: 'Today's 40 percent mtg payment/income ratio is unprecedented. The only other time it was close was the mid-2000s housing bubble. Before the big crash.
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High mortgage rates pricing people out of homeownership and holding market backThe U.S. housing market is still trying to recover to pre-pandemic levels of sales after stumbling with the increase in mortgage rates.
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High mortgage rates pricing people out of homeownership and holding market backThe U.S. housing market is still trying to recover to pre-pandemic levels of sales after stumbling with the increase in mortgage rates.
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High mortgage rates pricing people out of homeownership and holding market backThe U.S. housing market is still trying to recover to pre-pandemic levels of sales after stumbling with the increase in mortgage rates.
Read more »
High mortgage rates pricing people out of homeownership and holding market backThe U.S. housing market is still trying to recover to pre-pandemic levels of sales after stumbling with the increase in mortgage rates.
Read more »
High mortgage rates pricing people out of homeownership and holding market backThe U.S. housing market is still trying to recover to pre-pandemic levels of sales after stumbling with the increase in mortgage rates.
Read more »