Americans have $20.3 trillion in mortgage debt, with $14 trillion on single and multi-family homes. The average mortgage for a single-family home is $400,150, with a monthly payment of $2,256. The average interest rate for a 30-year fixed-rate mortgage is 6.87%. Delinquency rate for single-family home loans is 1.71%, higher than the average for all real estate loans. Only 0.22% of mortgage loans were in forbearance in April 2024.
A survey reveals most homeowners prioritize strong insurance coverage but often fail to review their policies regularly. This gap between valuing protection and managing insurance
Private core real estate in the U.S. posted a 4.9% trailing four-quarter total return, driven mainly by income, with stable capital values. All major property
New Florida condo laws added reserve and assessment requirements, pushing some South Florida owners to sell units carrying major repair and maintenance costs. A market
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