Mortgage Rates Rise as Economy Fuels Higher Rates in 2024 on Nostr: Starter Homes and High Interest Rates: Challenges in the US Housing Market ...
Starter Homes and High Interest Rates: Challenges in the US Housing Market
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#fd4fc180 ver:0.88
The US housing market faces challenges with high interest rates, low inventory, and surging home prices. Homeownership stalls as starter homeowners are locked in by high rates, hindering the ability to trade up and purchase starter homes. The increase in rates, shortage of inventory, and rising prices make it difficult for potential buyers. However, homebuilders are addressing the inventory shortage, and purchases of new and previously owned homes have risen. Despite the challenges, millennials could support the market, and it may still be a good time to buy with historically low rates and growing economy. #housingmarket #interestrates #affordability...
#newstr #UsHousingMarket #StarterHomes #HighInterestRates #HomeAffordability #InventoryShortage
https://here.news/story/fd4fc180?ver=0.88
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#fd4fc180 ver:0.88
The US housing market faces challenges with high interest rates, low inventory, and surging home prices. Homeownership stalls as starter homeowners are locked in by high rates, hindering the ability to trade up and purchase starter homes. The increase in rates, shortage of inventory, and rising prices make it difficult for potential buyers. However, homebuilders are addressing the inventory shortage, and purchases of new and previously owned homes have risen. Despite the challenges, millennials could support the market, and it may still be a good time to buy with historically low rates and growing economy. #housingmarket #interestrates #affordability...
#newstr #UsHousingMarket #StarterHomes #HighInterestRates #HomeAffordability #InventoryShortage
https://here.news/story/fd4fc180?ver=0.88