Source: Redfin — Surging mortgage rates and home prices are causing more buyers to back off. That means sellers are less likely to receive multiple offers—but they’ll also face less competition when they buy their next home. Nationwide, 57.8% of home offers...
Source: Scotsman Guide — Residential starts fell in May to a seasonally adjusted annual rate of 1.55 million units, down 14.4% monthly and 3.5% yearly to the lowest level in more than a year. That’s according to the latest new residential construction report...
Source: Fox Business — The National Association of Home Builders warned on Wednesday that soaring inflation and higher mortgage rates are slowing home sales, with CEO Jerry Howard calling the combination a “perfect storm.” Howard told “Varney...
Source: Fortune — It’s not just about how expensive housing became—it’s how fast it got there. It only took 24 months for U.S. home prices to soar a staggering 37%. For comparison, the biggest two-year spike leading into the 2008 housing crash was 29%. Heading...
Source: KUTV — SALT LAKE CITY (KUTV) — Housing prices along the Wasatch Front have soared to record levels yet again. New numbers from UtahRealEstate.com, provided to KUTV 2News by the Salt Lake Board of Realtors, show the median sales price for a single-family...
