🏡 Home Affordability and the Housing Market: May 2023 Data

🏠 Are you curious about what the future holds for housing affordability? 🏠
As the world evolves, so do the dynamics of real estate and financial markets. In this thought-provoking video, we explore the intricate relationship between mortgage payments and interest rates and how they are shaping the accessibility of housing for everyone. Join us as we unravel the factors influencing this crucial aspect of our lives.
📊 Understanding Mortgage Payments:
Mortgage payments are the cornerstone of homeownership, determining how much you pay each month towards owning your dream home. But what if we told you that these payments are not only influenced by property prices but also by interest rates? Our in-depth analysis reveals the surprising impact of changing interest rates on your mortgage payments, and what it means for your financial stability.
🔮 The Future:
The combination of short supply and strong demand means our prediction is housing prices will remain the same over the next 12-18 or until interest rates drop. Some markets will depreciate and some will appreciate. The national average, however, will be either a small appreciation or zero.