The post Home sales plummet in South Florida. Why do prices keep rising as housing market deflates? appeared first on Weekly Real Estate News.
Home sales plummet in South Florida. Why do prices keep rising as housing market deflates?
Housing Wire
Low-income owners’ home values have increased by 75% since 2012
Home equity and retirement savings accounts represent over 60% of a household’s net worth, according to the U.S. Census Bureau, and the last decade has resulted in a significant uptick in low-income homeowners’ home values. […]
Mortage News
Could 7% Mortgage Rates Finally Sink Home Prices?
KEY TAKEAWAYS The average rate on a 30-year mortgage has risen to a 21-year high, putting more pressure on homebuyers. Home prices have stayed resilient even amid higher mortgage rates because the low number of […]
Housing Wire
High mortgage rates sideline homeowners from tapping home equity: ICE
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Mortgage holders withdrew a mere 0.41% of tappable […]