In states with high housing costs, such as California and Hawaii, a homeowner’s mortgage payments could increase by $1,000 per month if they were to buy a new home
Ahead of the presidential election, affordability continues to be a concern for households across the US, but swing states, in particular, are feeling the pinch
The trend is more prevalent in some markets, such as Kentucky, which saw 73% of homes appraised higher than what they actually sold for during the first half of 2024