According to The Kobeissi Letter, the median US monthly housing payment has reached a record $2,819, marking a 2.5% increase year-over-year. Over the past three years, payments have surged by approximately $570 per month, representing a 25% rise. This increase is attributed to escalating median home prices and rising interest rates, influencing the housing market dynamics significantly.

According to The Kobeissi Letter, the median US monthly housing payment has risen by 2.5% year-over-year, reaching a record $2,819 per month. This marks a significant increase of $570, or 25%, over the past three years, attributed to escalating median home prices and rising interest rates, impacting mortgage affordability.