Individual delinquency may result from simple forgetfulness or
According to the National Association of Homebuilders (NAHB), high mortgage rates, growing inflation, and economic uncertainty prevented many purchasers from entering the market in May as both buyers and builders continue to struggle with difficult economic conditions.
The Personal Consumption Expenditures index—the Federal Reserve’s preferred inflation measure—rose at a 4.1% annual rate in May, highlighting the central bank’s challenge in reining prices.
For the first time in three years, most Americans say it’s better to buy a home than to rent or move in with family, and Bank of America’s new data helps explain why.
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