47 Cities Where Average Mortgage Balances Pass the Million-Dollar Mark
When mortgage rates hover near 7% and home prices remain stubbornly high, the number of borrowers taking on substantial debt grows accordingly. Experian data from June 2024 reveals that 47 cities across the United States now carry average mortgage balances exceeding $1 million, up sharply from 26 cities in 2023. This shift reflects broader trends […]
