Redfin: Monthly Housing Payments Hit All-Time High

Typical monthly housing payments hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin. That comes amidst a report earlier this week that half of Americans can’t afford a $250,000 home. Redfin, a technology-powered real estate brokerage, says that’s dampening demand and…