Mobile Home Values Are Rising Faster Than Single-Family Homes Lending Tree says that high home prices have many Americans looking to alternatives to the traditional single-family home such as mobile homes. However, to fully understand the issue, they crunched the numbers to find out if mobile homes are actually less expensive than single-family homes, and
Redfin Says Rent & Mortgage Payments Rising Sharply in 2021 Redfin says both rent and mortgage payments have risen sharply in 2021. In fact, they point out that rent alone has seen its highest growth rate in at least two years. According to their report, average monthly rent has increased 13% nationwide while mortgage payments
This is how rising inflation hits first-time home buyers When everything from groceries to gas costs more than it did a year ago, it erodes the purchasing power of people’s paychecks. | realestate.boston.com The post This is how rising inflation hits first-time home buyers appeared first on Boston.com Real Estate.
Rents From Florida to California are Rising at Record Speed A recent report from Bloomberg is highlighting how rents across the nation are rising at record speeds. They point out that the number of occupied rental-apartment units rose by about 500k in Q2, the biggest annual increase in data going back to 1993 (according to
Home Values Keep Rising in Opportunity Zones According to ATTOM Data’s second-quarter 2021 Opportunity Zones report median single-family home prices increased from Q2 of 2020 to the second quarter of 2021 in 75% of Opportunity Zones and rose by at least 15% in about half of them. In addition they report that price patterns in
Total Household Debt Keeps Rising A new report from the NY Fed says total household debt rose by $ 313 billion (2.1%) to reaching $ 14.96 trillion in Q2, 2021. According to their latest Quarterly Report on Household Debt and Credit, mortgage balances was the largest component of household debt, rising by $ 282 billion.