Mortgage rates at 20-year highs have split the US housing market, with supply plunging in some parts of the US, while the number of homes for sale surges in others.
But while home inventory has continued to fall off in certain areas, supply has surged in other pockets of the US, mainly in the South. The divide has largely been created by high mortgage rates, which have spurred housing activity in more affordable areas of the US.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Housing market offers just 4 affordable cities but price declines are fadingThe housing market offers just 4 affordable cities right now - and things could worsen as price declines fade, Goldman Sachs says
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: WOKVNews - 🏆 247. / 63 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »
The housing market has never been this unaffordable for new buyersWhat You Need To Know About Markets And The Economy
Source: BusinessInsider - 🏆 729. / 51 Read more »