Tuesday, 27 September 2022 | The Latest Buzz for the Appraisal Industry

Housing Affordability Hits 15-Year Low

Inflating mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. According to the latest market report from Zillow, demand for homes has pulled back in response —easing price growth, slowing sales, and boosting inventory. Mortgage rates shot up in early June, averaging …

The post Housing Affordability Hits 15-Year Low appeared first on DSNews.

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