Homeowners paying more for less.

Mortgage interest payments rose 15.8% last year as adjustable rate mortgagees saw their rates go up substantially. So home mortgage payments are an increasing burden on all Americans.

Get Smart! Learn the Mortgage Basics.

At the same time, the vacancy rate for owner-occupied homes hit an all time high of 2.1%; and the percent of Americans who own ther own homes dropped to 68.5%, down from 69.1%

Goldman Sachs chief economist Jan Hatzius sees all this as strong evidence that “…. the housing sector really is slowing substantially.”

Comments are closed.