Homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher, but just one in five mortgaged homes meet that criteria.
US homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher, but just one in five mortgaged homes meet that criteria.
Existing-home sales have fallen almost every month since the start of last year as higher mortgage rates disincentivize owners from moving. Prospective buyers have sought out new construction instead since inventory on the resale market is so low. Mortgage rates “are unlikely to return to 5% in the near future,” said Orphe Divounguy, a senior economist at Zillow Home Loans. “That means many homeowners will move only for major life events, like a new baby or retirement.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Three ways we could convince homeowners to sell their homes—by paying themWhat if the government paid people to sell their houses? A few ideas for tax incentives for sellers could open up inventory to buyers.
Leer más »
Philippines need not match Fed's 25-basis point hike, finance minister saysThe Philippines' finance minister said monetary authorities have room to pause on rate hikes in August despite a recent policy tightening by the U.S. Federal Reserve.
Leer más »
Survey reveals front runners in race for Houston mayor- What's Your Point?The latest poll from the UH-Hobby School shows State Senator John Whitmire and Congresswoman Sheila Jackson Lee holding a strong lead with a 30-point margin, but there's still a possibility for other candidates to enter a December run-off if they can gain more visibility and funding through debates and media exposure.
Leer más »
Hunter Biden's plea deal on hold - What's Your Point?The 'un-doing' of the ultimate 'sweetheart' deal. Could Hunter Biden actually be held accountable for years of criminal behavior?
Leer más »
Sen. Ted Cruz amendment to reinstate military COVID vaccine refusers fails - What's Your Point?They said 'no' to the COVID vaccine and lost their military careers because of it. Now that the 'mandates' are gone - should the 'punishment' of those who 'refused' be reversed?
Leer más »
Miss Manners: Am I allowed to point out that these people are short?I’m tired of addressing this tedious topic at every new meeting.
Leer más »