The housing market faced some serious obstacles last week as the 10-year yield broke over 4%, mortgage rates rose to over 7%, purchase apps fell again and we are still trying to find the elusive […]
Growing supply shortages are holding housing prices higher, and affordability constraints coupled with elevated rates lock potential sellers in place. Home prices fell in January, pulling back by 0.24% from December to mark the smallest […]
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The former Henry P. Archer Elementary School building, which opened in 1936 on Charleston’s eastside, is undergoing a transformation. The building on Nassau Street, which closed in 1980 and sat empty for years, is being […]
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The post Housing market on the rise? Why pending contracts for home sales have industry buzzing. appeared first on Weekly Real Estate News.
Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage […]
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