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Sharing a home with a nonromantic adult can come with big benefits, in addition to the break in rent.
September data shows they were still higher than a year earlier, though.
“The average days on market has gone from less than a week up to about 89 days,” says broker Amanda Pohlman of Keller Williams Living.
There’s a significant gap between the appraised price of homes in white neighborhoods and that of similar homes in communities of color, and it’s getting worse, one study says.
As interest rates climb, people who own homes with low mortgage rates have little incentive to sell, keeping the supply tight.
Trade groups say the industry is in recession, but prices are still high and foreclosures are low.
Higher home prices and the Federal Reserve’s efforts to curb inflation are responsible for much of the slowing market.
The housing market is cooling a little. But there still aren’t that many homes for sale, just more than last year.
Home prices are at record levels, and mortgage rates are much higher now than they were six months ago.
For buyers, the competition is less fierce, but some sellers still have “pie in the sky” hopes.