From REALTOR® Magazine <[email protected]>
Subject Mortgage Rates Hit 5%
Date April 15, 2022 8:08 PM
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It’s the highest average since 2011

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National Association of REALTORS®
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April 15, 2022


Mortgage Rates Hit 5% 
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Since the start of the year, about $400 has been added to the average monthly mortgage payment on a median-priced home.


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Survey: First-Time Buyers Still Want a Bathtub  
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Recent bathroom remodeling trends have focused on removing the tub and supersizing the shower—but that could hurt resale value.


More Buyers Making Compromises to Find a Suitable Home     
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Eighty percent say they’ve had to increase their budget or accept a home that’s older or in worse condition than they initially wanted.


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As Buyers Reel, Sellers May Need to Consider Price Drops   
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“There really is a limit to homebuyer demand, even though the market over the past few years has made it seem endless,” says Redfin’s chief economist.


‘Feeder Cities’ Grow as Hot Spots for Renters 
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Areas with lower home prices that serve as easy commutes from city centers are increasing in popularity.


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