Buyer competition in the real estate and mortgage market has eased slightly, but inventory remains low and home prices are still appreciation. The median home price is up +16.8% YoY and mortgage payments are up 39.4% YoY. Here’s the May 2002 Real Estate Market Snapshot with more information.
This article is intended to be accurate, but the information is not guaranteed. Please reach out to us directly if you have any specific real estate or mortgage questions or would like help from a local professional. The article was provided by Sparkling Marketing, Inc. with information from resources like FHFA, Fannie Mae, and Realtor.com.