Families Spending 38% of Income on Mortgage

NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.

Mortgage Rates Unchanged After Mid-Day Changes

It was almost a mildly interesting day as rates started out slightly higher.  To be fair, even that would not have been too interesting because the move was so small that most rate quotes would have been unaffected.  Still, just to be sure to avoid any and all excitement, rates received a

Tracking Your Taxes

The IRS began accepting tax returns on Jan. 27 and expects over 140M filings by April 15. Most refunds arrive in 21 days, with some delayed until mid-February.

Housing Starts Retreat on Elevated Rates

Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%.