Khazen

By Alessandra Riemer, Editor at LinkedIn News — Home prices have risen for a fifth consecutive month amid an increasingly tight housing market, driven by low inventory. The cost of buying a home in June was up 0.7% from the month prior, according to new data out from S&P CoreLogic Case-Shiller. While the the average 30-year mortgage rate has climbed to 7.23%, it isn’t stopping “determined” homebuyers. And as affordability is the worst in about 40 years, Zillow announced on Monday it would be rolling out a 1% down payment loan program.