According to a new report from Redfin, near-7% mortgage rates continue to prevent both would-be homebuyers and potential home sellers from entering the market, despite the construction of new single-family homes nearing their highest level in almost 20 years.
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Seasonal Cooling Cures Some Affordability Problems
The share of homes that sold above their list price also fell to levels last seen in June 2020.
Read More »Sunshine State Migration Forces Rise in Home, Rental Rates
Three Florida metros saw a 36% gain in rent prices, as more continue to escape expensive northeast metros in favor of southern markets.
Read More »Report Finds Mortgage Concerns Are One of the Top Financial Reasons Americans Lose Sleep
More Americans are sleeping better at night knowing that the economy is recovering. Those Americans that are losing sleep over financial stress is declining in the U.S., according to a new CreditCards.com poll. The national poll, commissioned by CreditCards.com, also found that 62 percent of adult Americans are losing sleep over at least one financial problem. This is 7 percentage points lower than the amount in June 2009, the last time this poll was conducted, but higher than 56 percent in 2007.
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