My Neighborhood Market

For Week Ending April 12, 2025 The national median mortgage payment remained unchanged at $2,205 in February, and was up 1.0%, or $21, compared to the same time last year, according to the Mortgage Bankers Association. For conventional loan applicants, … Continue reading →

For Week Ending April 5, 2025 Mortgage application volume increased 20% from one week earlier, according to the Mortgage Bankers Association, as a drop in rates caused a spike in demand. Purchase applications rose 9% from the previous week and … Continue reading →

For Week Ending March 29, 2025 A family with a national median income of $97,800 needed 38% of their income to make the monthly mortgage payment on a median-priced new home ($419,200) in the fourth quarter of 2024, according to … Continue reading →

For Week Ending March 22, 2025 The median age of U.S. homebuyers is now 56 years old, up from 49 in 2023, according to the National Association of Realtors®’ 2024 Profile of Home Buyers and Sellers. The median age of … Continue reading →