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The homeownership rate among Black Americans is 42%. For white Americans, it’s more than 70%.
Mortgage rates are up. Realtors are being laid off.
Sellers who don’t want to become buyers and the refinancing craze play roles in the lack of supply.
Extra space is at a premium for those who want to Zoom in peace.
The median payment on a new mortgage increased almost 9% from March to April.
Yes, mortgage rates are high. But demand is starting fall because of that, and prices aren’t rising as fast as they have been, experts say.
City life is making a comeback and there aren’t enough condos out there
Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.
The rapid rise in home prices has provided a windfall for homeowners, but rising interest rates make home-buying increasingly out of reach for renters.
For some businesses, work from home just isn’t a thing.