Mortgage costs have climbed to their highest point in nearly three years, even as thousands of homes are being built or planned in northwest Surprise.
State officials say the decrease will affect renters across more than 30 counties, with the largest concentrations in Orange and Broward counties.
Zumper says San Francisco’s two-bedroom median rent has climbed to $6,340 a month, outpacing New York City by almost $900.
Freddie Mac said the benchmark rate posted its biggest weekly increase in four years, while refinance demand and homebuying activity weakened again.
Borrowing costs rose sharply in the latest Freddie Mac reading, while Realtor.com said price cuts and weaker sales showed further cooling in September.
Mortgage and refinance costs kept rising as investors dumped bonds and Treasury yields moved sharply higher, squeezing affordability for buyers and homeowners.
Residents say the boiler went down again, while the landlord says the hot water outage was fixed and major repair work is underway.
A Portage County homeowner has fought to stay in a $4.5 million mansion since foreclosure began in 2011, but a magistrate has now approved eviction.
Economists say the nation’s housing slump looks more like an affordability squeeze than a collapse, with tighter lending, solid jobs and limited supply still propping up prices.
Freddie Mac said borrowing costs climbed again this week, widening the affordability squeeze and nudging some home shoppers toward riskier ARMs.