BofA Data Finds the Surge in Housing Costs Varies by Metropolitan Area

MortgageOrb, Mar. 27, 2023–Erin O’Connor
The Bank of America Institute has released an analysis which examines the increase in housing costs across the United States. BofA internal data shows that median rent payments were up 8% year-over-year and median mortgage payments were up 7% YoY for BofA customers in February, but there are meaningful variations by geography.
https://mortgageorb.com/bofa-data-finds-the-surge-in-housing-costs-varies-by-metropolitan-area