Tag Archives: median-priced home

As mortgage rates creep toward the 7%-mark, buyers still in the market are being forced to downgrade their options for a larger home, cutting more than 400-square feet out of the homes on the market.

Data from Harvard and the U.S. Census Bureau found 17% of renters were behind on their rent from August 2020 to March 2021.  

Despite median home prices rising faster than the average weekly wage, the cost of renting continues to eclipse the cost of owning a home in nearly two-thirds of U.S. markets.