New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: America's Frozen Housing Market and its Impact on the Economy =============== ...
America's Frozen Housing Market and its Impact on the Economy
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#e535966b ver:0.71
Existing home sales in the US continue to decline due to high prices and mortgage rates, with sales dropping by 0.7% in May. However, there is an increase in housing inventory and a surge in home prices. The Federal Reserve's plan to lower interest rates later this year may help the housing market. Despite challenges, the US economy is expected to see a boost in June. Home prices have risen by 6.3% over the year, and sales of newly built homes have fallen by 11.3% in May. Experts predict that home prices will remain high due to high demand and low supply. Bank of America economists warn that the housing market will remain stagnant until 2026. The lock-in effect of high mortgage rates has caused the market to freeze. #housingmarket #economy #mortgagerates...
#newstr #HousingMarket #Economy #InterestRates #HomePrices
https://here.news/story/e535966b?ver=0.71
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#e535966b ver:0.71
Existing home sales in the US continue to decline due to high prices and mortgage rates, with sales dropping by 0.7% in May. However, there is an increase in housing inventory and a surge in home prices. The Federal Reserve's plan to lower interest rates later this year may help the housing market. Despite challenges, the US economy is expected to see a boost in June. Home prices have risen by 6.3% over the year, and sales of newly built homes have fallen by 11.3% in May. Experts predict that home prices will remain high due to high demand and low supply. Bank of America economists warn that the housing market will remain stagnant until 2026. The lock-in effect of high mortgage rates has caused the market to freeze. #housingmarket #economy #mortgagerates...
#newstr #HousingMarket #Economy #InterestRates #HomePrices
https://here.news/story/e535966b?ver=0.71