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Two people experiencing homelessness, Tonya and Troy, vacate private property being used as a homeless encampment with the assistance of New Philadelphia Police officers on April 5, 2024, in New ...
NAR existing-home-sales data showed a 4.2-month housing supply level as of August 2024, which is much healthier than the record low of 1.6 months but still continues to favor sellers.
Housing affordability is a major problem in America. Home prices spiked during Covid-19 and then the Fed’s war on inflation sent mortgage rates surging. The one-two punch has made it a ...
Purchasing affordability for first-time U.S. homebuyers will worsen over the coming year on tight supply and just a few more Federal Reserve interest rate cuts, even as average home price rises ...
The housing market is really expensive—we all know that by now. Affordability is the worst it has been since the 1980s, and that has a lot to do with mortgage rates that reached slightly above 8 ...
On Monday, the average 30-year fixed mortgage rate reached 7.48%, marking the highest level since the year 2000. Even prior to this recent surge in mortgage rates, housing affordability, as ...
In the past, higher rates meant lower prices to keep homes affordable, but today, many homeowners are locked into low mortgage rates of below 5% and are reluctant to sell, keeping the supply of ...
Housing affordability in the U.S. has fallen to its lowest level since 1989, as both mortgage rates and home prices have surged, while income growth crawls at U.S. housing affordability fell to 3 ...
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