US median home payment hits $2,647, highest in a year
The median US monthly housing payment rose to $2,647 in the four weeks through June 14, the highest level in a year, according to Redfin. The increase reflects firmer home prices and still-elevated mortgage costs.
According to Redfin, the U.S. housing market is showing renewed strength, with home prices rising again.
The median monthly housing payment climbed to $2,647 during the four weeks ending June 14, marking the highest level in a year. This increase stems from a combination of firmer home prices and persistently high mortgage costs.
Source: First Squawk