realtor

Mortgage rates on 30-year, fixed-rate loans rose above 5% this week. That's pushing the cost of buying a home higher and making homeownership unaffordable for more people.

National
Economy

Mortgage rates just hit 5%. Here's how much more expensive that makes home ownership

6:12pm April 08, 2022

by Chris Arnold

Higher mortgage rates and home prices have pushed the monthly payment to buy the median-priced home in the U.S. up more than 50% since the start of last year. Many first-time buyers can't afford it.

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A "for sale" sign is posted on a home last month in Philadelphia.

National
Economy

First-time homebuyers are getting squeezed out by investors

7:39pm February 18, 2022

With a historic shortage of homes for sale, investors making cash offers are pushing first-time homebuyers out of the market.

A record low number of homes for sale is pushing up prices and making it harder for first-time buyers to afford homeownership.

National
Economy

Out Of Whack: Lack of Homes For Sale Sends Prices Surging, Frustrates Buyers

3:56pm March 22, 2021

by Chris Arnold

Sales of existing homes fell 6.6% in February from the month before. Meanwhile, prices are up 16% over the past year, giving homeowners about $2 trillion more in equity and widening the wealth gap.