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New home sales fell 5.6% in October, but they’re still up 18% over last year. And they make up a record share of total inventory.
The number of completed homes rose last month. But further up the housing pipeline, homebuilders are starting fewer projects right now.
The average monthly payment on a new mortgage rose 46% in 2022, and home prices and mortgage rates have continued to climb in 2023.
Both the buyer and the seller have unrealistic expectations right now, while prices and mortgage rates are high.
Will housing prices go down with fewer short-term renters around?
It’s unclear whether reducing the number of short-term rentals will free up housing for city residents.
Prices are rising, rates are climbing and supply is dwindling. That puts people who already own a home ahead.
Mortgage rates are still high, but some real estate agents have been citing an old refrain: “You can always refinance.” Except, others say, when you can’t
Three real estate agents explain how their communities have changed.
A new report finds the rate of mortgage borrowers considered “equity rich” increased to 49% in the second quarter.