Buy real estate with a mortgage is the new craze, according to the U.S. Census Bureau.
But the bureau says mortgage buyers should beware, because many of them are under the illusion that the value of their homes is rising.
The bureau has been monitoring the mortgage market for more than two decades, and it recently released a report called “Real Estate Prices in the 21st Century.”
The Bureau says it has tracked prices since 2001 and says it found that in recent years, home prices have gone up faster than incomes and that many people have been buying homes in anticipation of an eventual boom.
The report also found that home prices fell in 2013, 2014 and 2015, but the report says that the market rebound has been “significantly slower than expected.” In the U: • A total of 6.1 million people in the U were buying homes as a result of rising home prices in 2015, down from 7.5 million in 2014.
This year, it is forecast to be 7.1% higher.
• Mortgage lending to home buyers has declined by 2.2% since 2014.
In the U.: • Total mortgage lending to the first-time buyer (those who purchased a home in the past 12 months) has declined 1.7% since 2013.
It also found a surge in sales of single-family homes.
According to the report, there are about 18 million people who have bought a home as a first-timer in the last 12 months.
The number of first-timers is expected to hit 28 million in 2022, up from 27 million in 2024.
There were 1.4 million home sales in the month of January alone, the report said.
The median sale price of a home was $319,000 in 2017, up 6% from the previous year.
But many of the homes sold during that period are older and in need of significant repairs, and the average sale price was $218,000, down 1% from 2017.
At the same time, the median price of homes that have been under construction was $1.5 billion in 2017.
The report said that the median number of new homes in the housing market increased in 2017 to 3,836, up 4% from last year.
It said that, of the new homes sold, about 2,400 were for first- time buyers and 1,100 were for veterans.
Home sales were up nearly 6% in January to a record 4,865,000.
The Bureau also said that mortgage delinquency rates are down from their peak in 2014, at around 3.3%.
But there were still many people who did not repay their loans and that was holding down home prices, said Matt Cogdell, the bureau’s director of research.
Cogdll said that many of these people had “fallen behind on their payments” and they are “looking for a home that is more affordable than they’re paying now.”
The bureau also said it is aware of some “tremendous spikes” in mortgage debt, but said that those spikes are small.
The median debt-to-income ratio for people with a loan was 4.6% in 2016, down 0.2 percentage points from the year before, the Census Bureau said.
It also noted that the percentage of people who reported making payments on their mortgages rose to 15.4% in 2017 from 14.6%.
Cognizant of the fact that the U is not the only country where this is happening, Cogsell said the bureau has created a special report called Mortgage Fraud and Reversal: Rising Home Prices and the Facing the Real Estate Bubble, to help people understand what is happening in their neighborhoods and the impact of home price inflation on homeownership.
“We have a lot of information that is available in the public domain about how the housing bubble has grown and how it is impacting the economy, and that information has been used to help the public understand what we are seeing happening in the market,” he said.
The report also pointed out that the cost of a mortgage has risen significantly in recent months.
For the most part, it says, a 30-year fixed rate mortgage is now costing $1,050 a month more than it did a year ago, while a 30-, 40- or 50-year adjustable rate mortgage has cost about half that.
On average, home buyers in the country are paying $2,000 more than they were three years ago, with median prices at $1 million.