Sun Belt Deals Called Off As Housing Market Slumps
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Sun Belt Deals Called Off As Housing Market Slumps

ByTMN Editor Reading Time: 3 minutes

By CHUCK GREEN During the pandemic homebuyers fled to southern states for warmer weather but now would-be purchasers are bailing out of deals at a faster clip than anywhere in the country. According to analysts at Redfin, 60,000 deals were called off nationally in September. That’s 17% of the homes that went under contract that…

Rents, Mortgage Payments Jumped In February

Rents, Mortgage Payments Jumped In February

ByTMN Editor Reading Time: 2 minutes

Average monthly asking rent in the U.S. leaped to new heights in February, up 15% year-over-year to a record high of $1,901, though mortgage growth outpaced it yet again, according to Redfin. Rent growth saw its largest annual increase since Redfin began tracking rental data in February 2019. Mortgage payments rose 31% YOY to $1,716,…

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