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Some analysts say acceptance plays a role in the recent increase of home sales.
They’re down about 26% compared to a year ago.
“I don’t know what this year is going to bring,” said one experienced Montana agent.
Today’s inflation report showed that both the rent and owner-equivalent rent indexes rose 0.8% in December.
Pending home sales have dipped, and economists expect the market to continue to droop.
In Ouray, Colorado, high-priced housing is a labor force issue.
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
Residents of 34th Street in Baltimore purchased not just a dwelling, but a whole new way of life during the month of December.
High mortgage rates are causing homebuilders to pull back. A measure of sentiment has dropped to its lowest level since 2012.
The U.S. isn’t the only country with a central bank that’s hiking rates. Here’s how that’s affecting housing markets around the world.