US Housing Market Slow Start and Tennessee Market Analysis

The US housing market is off to a slow start in the spring selling season, with Tennessee showing alarming figures of soaring housing supply. Experts predict a modest correction in the market due to increasing inventory levels.

Late Mortgage Payments Among Homeowners

A rising number of homeowners, particularly first-time buyers and military veterans, are falling behind on their mortgage payments, with serious delinquencies reaching the highest level in nearly two years in 2024.

Impact of Rising Interest Rates on Mortgage Payments

A small but mostly affluent group of Americans who bought homes since 2019 with adjustable-rate mortgages are facing skyrocketing mortgage payments as interest rates rise.