New Housing Won’t Arrive Anytime Soon
Many areas need more housing units to fill a shortage, but the new-home industry is slowing for a variety of reasons, such as higher mortgage rates and wary buyers.
Many areas need more housing units to fill a shortage, but the new-home industry is slowing for a variety of reasons, such as higher mortgage rates and wary buyers.
In some locations, prices will likely flatten or perhaps dip as much as 5% – but even with a slight drop in July, home prices were still up 10.8% year-to-year.
The rate for a 30-year, fixed-rate mortgage rose almost half a percentage point (0.42%) this week after hovering just above 5% for a while.
Cheryl Lambert, 2021 president, is the 2022 Realtor of the Year. All award winners were recognized Thurs. at the annual convention’s in-person Awards Luncheon.
On social media, an agent praised a group of bipartisan lawmakers who passed a favorable real estate bill – but comments weren’t bipartisan and the post took off.
A frustrated condo owner reports frayed carpet, peeling wallpaper and dirt, but her requests for action go unheeded. How can she force the fixes?