The Cost of Buying a Home Is up 50% From 2021
Pro Builder
MAY 16, 2022
Rising rates have inflated monthly mortgage payments by 50% in just one year, and popular metros like Miami are even seeing year-over-year mortgage payment increases of over 80%. For example, nationally mortgage payments are about $1,882 a month, not including property taxes or homeowners insurance. Affordability. New-Home Sales.
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