Elevated borrowing costs for home loans is pushing up the monthly outlay buyers have to pay to afford a new home, according to real estate platform Realtor.com, adding another obstacle for first-time homebuyers in their pursuit of property.Home prices went up by $12,500 from April to May, bringing the median listed home to $442,500. A year ago, a home was listed at $441,000.
Properties listed between the $200,000 to $350,000 shot up to nearly 47 percent from a year ago, accelerating further than April's high of 41 percent. Realtor.com said in a statement shared with Newsweek that 'affordable homes continue to enter the market; some much welcomed news for prospective buyers.'But the sector over the last five years has evolved into more of a sellers' market. Compared to May 2019, median list prices are up 37.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
California's Housing Market Is Getting Worse for BuyersHome values in cities in the Golden State keep going up, according to real estate firm Zillow.
Источник: Newsweek - 🏆 468. / 52 Прочитайте больше »
See what $2M in gets you in Santa Clara County's housing marketIt is another big milestone in the Bay Area housing market: The median price of a single-family home in Santa Clara County hit $2 million for the first time. So what is driving the surge? Realtors say low inventory is the key issue.
Источник: KTVU - 🏆 465. / 53 Прочитайте больше »
Housing Market Update: When Will Rates Fall?Inflation slowed in April, a development that may lead to falling borrowing costs.
Источник: Newsweek - 🏆 468. / 52 Прочитайте больше »
New home sales fell in April as mortgage rates weighed down housing marketNew home sales fell in April as the housing market felt the effects of higher mortgage rates, which have recently inched even higher. New home sales fell 4.7% from March to an annual rate of 634,000, according to a Thursday report from the Census Bureau. The number of new home sales is 7.7% lower than it was in April of last year.
Источник: dcexaminer - 🏆 6. / 94 Прочитайте больше »
Skyrocketing home insurance rates, loss of coverage roil Colorado’s strained housing marketColoradans looking to buy homes or simply hold onto their property face a barrage of challenges: a white-hot real estate market; high interest rates; soaring property taxes. You can add surging hom…
Источник: denverpost - 🏆 13. / 72 Прочитайте больше »