Is the housing market about to crash? Well, the total unsold homes increased by 9.3% compared to last year, including homes under contract.In addition to the increase in inventory, the total number of unsold homes, including those that are under contract, also grew by 9.3% compared to last year. This...
Tag: housing
Mortgage Originations Drop as Rates Rise – What to Know
With interest rates rising, housing is becoming less affordable. Recent data has shown mortgage originations down 33% compared to last month. What does this all mean? 1st - Housing is becoming less affordable 2nd - We will start to see high listed properties sit on the market for longer. There...