Shelter inflation is a macroeconomic drag. Money spent on housing is money that’s not being spent on education, services, and durable goods.
The post Guest Opinion: How the Fed Impacts the Housing Market appeared first on Weekly Real Estate News.
Prospective homebuyers are slowly growing less sensitive to home prices and high-interest rates, and fewer of them are willing to wait for a better market to buy a home. According to Bank of America’s 2023 […]
Email Source: Advisor Perspectives — With mortgage rates more than doubling from ~3% to over 7% today the difference in cost between buying a home twelve months ago compared to today is very big. Not […]
Last year was anything but normal — especially in Arizona’s residential real estate market. Median sale prices rose in Phoenix from $325,000 in January 2021 to $404,300 by October, a 24.4% increase, according to real […]
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