Topher Soltys and his husband bought a place in New York City earlier this year, and saw their monthly housing costs double.
Prices are actually falling in some former hotspots in the Sun Belt, while they’re rising in parts of the Rust Belt.
“A lot of that information on what the Fed is going to do in September is already priced in” to current mortgage rates, said Zillow economist Kara Ng.
Evergrande spent lavishly on a soccer team, EV company, and theme parks.
New data underscores the “resilience” of first-time homebuyers.
Home sales climbed by 2% in July, according to the National Association of Realtors, but prices remain high.
Higher mortgage rates have prevented many first-time homebuyers from purchasing a home.
Mortgage rates have ticked down, but not enough.
Builders are mostly working on apartments and condos, and are still waiting to commit to more residential construction.
Here’s how the FARE Act, New York City’s new broker fee law, is working out so far.