Mortgages in delinquency returned to a historic low in May, while foreclosures remained at an all-time low, according to the latest mortgage delinquency report from CoreLogic.
Median home prices since 2020 have outpaced inflation by more than 200%, according to a study by Home Bay. And despite a cooling of inflation, rising prices of basic goods and services have remained a concern for many Americans, reports have suggested.
Inflation has impacted Americans’ finances more severely than COVID-19, according to a recent survey by Real Estate Witch. Inflation also continues to exacerbate debt and prevent some Americans from homeownership.
Following a highly volatile housing market in 2022, some experts have said they believe home prices could fall through 2023 before seeing sustained growth in…