Straight Talk About Real Estate

Housing payment takes a big chunk of your income.

The typical monthly mortgage payment that Southland buyers committed themselves to paying was $2,309 last month, down from $2,339 the previous month and up from $2,092 a year ago. Adjusted for inflation, current payments are about 2.3 percent above typical payments in the spring of 1989, the peak of the prior real estate cycle.

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