Affordability challenges continue to vex potential buyers.
But after months of watching the cost of a new mortgage rise higher and higher, home buyers finally saw some relief in November.
A combination of declining home values and lower mortgage rates (a significant 4.8% in November alone) brought the monthly mortgage payment on a typical U.S. home down by about $100, according to the latest Zillow® Market Report.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.