Buyers back away as U.S. housing payment hits $2,647
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Housing payments in the US have reached a one-year high, with the average payment hitting $2,647. This increase appears to be causing buyers to pull back from the market. At the same time, the supply of rentals is surging, although it is unclear if mortgage payments have actually reached their peak.