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【Zillow】Homes You Can Afford for $3,000 Lose A Bedroom As Mortgage Rates Increase

【Zillow】Homes You Can Afford for $3,000 Lose A Bedroom As Mortgage Rates Increase

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  • The typical home value afforded by a $3,000 mortgage payment fell $370,000 in under two years, but have risen $60,000 from a trough in October, when rates peaked.
  • The size of home afforded by $3,000 fell the most in 2022 in affordable markets in the Midwest and Great Lakes regions, but still offer some of the biggest houses for the money.
  • Home sizes for $3,000 are up across the country from mid-fall when mortgage rates peaked, with even the most expensive markets seeing modest gains.

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