When mortgage rates rise, they can add hundreds of dollars a month in costs for homebuyers on top of already high home prices.
housing market has yet to emerge from a slump that started a little more than a year ago, when the average rate on a 30-year mortgage began to climb from ultra-low levels, eventually doubling to just over 7% by the fall. “Sales are down, even prices are down, yet multiple offers are happening on at least one-third of the properties (that) have been sold above their list price.” “We have a very strange dynamic,” said Lawrence Yun, the NAR’s chief economist. Matrix coefficients : BT.709-5, BT.The latest housing market figures are more evidence that even with prices easing back after rising for more than a decade many would-be homebuyers remain frustrated by a stubbornly low supply of homes for sale and elevated borrowing costs. Writing library : libebml v1.2.3 + libmatroska v1.3.0įormat profile : High settings, CABAC : Yes Writing application : mkvmerge v5.7.0 ('The Whirlwind') built on 20:08:51 Please use Haali Media Splitter or AV Splitter for matroska.
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