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Today’s inflation report showed that both the rent and owner-equivalent rent indexes rose 0.8% in December.
Pending home sales have dipped, and economists expect the market to continue to droop.
In Ouray, Colorado, high-priced housing is a labor force issue.
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
Residents of 34th Street in Baltimore purchased not just a dwelling, but a whole new way of life during the month of December.
High mortgage rates are causing homebuilders to pull back. A measure of sentiment has dropped to its lowest level since 2012.
The U.S. isn’t the only country with a central bank that’s hiking rates. Here’s how that’s affecting housing markets around the world.
That’s because apartment developers have a lot more incentives to keep building right now.
“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.
Rates are near 7% for a 30-year fixed mortgage, highest in two decades. For buyers who can afford it, shopping is less stressful.