A combination of “inflation, high prices, soaring mortgage rates, and low housing supply caused 2023 to go down as the least affordable year for housing in recent history,” said Redfin Senior Economist Elijah de la Campa.
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Housing Market for Baby Boomers Soaring
The National Association of Home Builders’ (NAHB) 55-Plus Single-Family Housing Market Index (HMI) hit its highest level since its inception in 2008, rising six points to 72 in ...
Read More »New Program Aims to Protect Customer During Mortgage Process
Guild Mortgage, an independent mortgage lender located in California, announced Homebuyer Protection, a program designed to give customers added protection and peace of mind during the mortgage ...
Read More »Rising Mortgage Rates Leave First-Time Buyers Timid
The percentage of prospective buyers who plan to purchase in the spring has tumbled significantly since last year at this time, according to one survey.
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