Housing market is least affordable this century

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 52%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The housing market continues to struggle under the weight of record high borrowing costs.

. Construction of new homes has declined while sellers of previously owned homes are holding back as they are reluctant to do away with properties that they may have acquired during an environment of low rates.

Mortgage rates have soared as the Federal Reserve hiked rates to a two-decade high of the current level of 5.25 to 5.5 percent to battle inflation. Policymakers from the central bank have also indicated thatNAR suggested that the Fed may need to take a pause in its rate moves, especially as the policy environment may hit the rental market too.

The souring interest in home buying was felt across the country, the NAR said. Sales in pending homes fell in all four U.S. regions in August from last month and also compared to one year ago.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 468. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Florida overtakes NY as nation’s second most valuable housing marketThe Sunshine State saw its residential property values soar by $160 billion in the one-year period beginning in June 2022.
ソース: nypost - 🏆 91. / 67 続きを読む »