CoreLogic recently released their Market Pulse Report for January, 2018 where they provide a lagging indicator snapshot of the U.S. housing market through November, 2017. Among their findings, new home sales are at their highest since 2008, a third of all homes sold for their list price or even more and average mortgage payments ticking upward. It’s good data to sift through.
“U.S. home prices have risen more than 6 percent over the last year but that’s only part of the challenge for home shoppers, who face mortgage payments that have risen about 12 percent year over year because of higher mortgage rates.”