Monday, February 6, 2023 | The Latest Buzz for the Appraisal Industry

Market Hits Biggest Housing Affordability Challenge in 15 Years

Ballooning mortgage costs, driven by skyrocketing prices and interest rates, have made mortgages less affordable than at any time since at least 2007. Demand for homes has pulled back in response, easing price growth, slowing sales and boosting inventory, according to the latest market report from Zillow.

Mortgage rates have shot up in early June, averaging 5.78% as of June 16, 2022. A new purchase of a typical U.S. home at that rate would

Jeff Bradford

Discover Your Passion

What are you passionate about? Is it appraising? Do you find that time just flies by when you’re working on an appraisal? Appraising has a

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