The typical US homebuyer's monthly payment hit a new high of $2,563 in March, ↑ 29% yearly. Homebuyers on a $2,500 monthly budget can afford a $376K home with today's avg rate. That’s ↓ from the $400K home a buyer on the same budget could have bought in February. Pending home sales ↓ 16.1% yearly and were essentially flat WoW.
Market Update