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The U.S. Averted One Housing Crisis, but Another Is in the Wings

[The New York Times] A moratorium on evictions did little to address the bigger problem: The country is running out of affordable places for people to live. The United States averted the most dire predictions about what the pandemic would do to the housing market. An eviction wave never materialized. The share of people behind […]

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40 Cities That Could Be Poised For a Housing Crisis

[Go Banking Rates, Shutterstock] The lessons of the 2008 housing crisis are a living memory, and the effects of the recession of that era still are being felt. Although today’s housing market is largely hot, experts are bracing for a wave of evictions triggered by pandemic-related disruptions. That, they fear, could be the catalyst for a […]

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Is the red-hot housing market starting to cool?

[The Washington Post, iStock] The fast-paced housing market of the past year may be slowing slightly in the face of price spikes and a dearth of homes for sale across the country. It’s too soon to say that the market is truly slowing, but data analysis from both Realtor.com and Redfin real estate brokerage recently found that while home […]

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Mortgage rates hit 10th record low of 2020, further fueling the US housing market’s boom

The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years.The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fueled the housing market’s rebound.Sales of new and existing homes have thrived through the pandemic, but steadily rising prices […]

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Ranked: The average monthly mortgage payment in every state

[MSN, DepositPhotos] Paying off a home With mortgage debt at record levels, paying off a home can be expensive. This is especially true in recent weeks as the coronavirus (COVID-19) pandemic has left millions of Americans out of work and without an income. To see where monthly mortgage costs are highest, LendingTree analysts looked at […]

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