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Category: Real Estate

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Redfin Reports Homebuyers’ Monthly Payments Up 25% to Record High People who need to move now are pinched by rising mortgage rates, sky-high home prices and rising rents

Logo Feb. 10, 2022 18:00 UTC Redfin Reports Homebuyers’ Monthly Payments Up 25% to Record High People who need to move now are pinched by rising mortgage rates, sky-high home prices and rising rents SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) —The estimated monthly mortgage payment for a typical home for sale rose 25% year over year—or $388—to…
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Redfin Reports Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise

Feb. 9, 2022 13:00 UTC Redfin Reports Homebuyers on a $2,000 Monthly Budget Stand to Lose $13,750 in Spending Power as Mortgage Rates Rise Austin, Atlanta and Phoenix—all popular migration destinations—would see among the biggest drops in the share of homes affordable on this budget if rates were to reach 3.9% SEATTLE–(BUSINESS WIRE)– (NASDAQ: RDFN) —…
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