Home prices in this NY region are defying the US housing market slump: data

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المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The median sale price of homes sold on Long Island hit a record $620,000 during the third quarter.

prompt a slowdown in many other parts of the country, according to data released Thursday.

The figure marked a 2.5% increase compared to the previous quarter and a 6% rise compared to the same period one year ago. The market stayed red-hot even as mortgage rates continued their climb toward 7% as the Federal Reserve hiked interest rates. The average 30-year fixed-rate mortgage has hit its highest rate in two decades, raising costs for buyers and forcing many sellers in other marketsWhile higher mortgage rates are crimping demand, a lack of available inventory has helped to prevent major price declines so far, according to Jonathan Miller, the CEO and president of Miller Samuel.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Home prices aren’t falling fast enough to justify interest rates, monthly payment matters.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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