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[ad_1] A historic mortgage rate shock—with the average 30-year fixed mortgage rate jumping from 3% to 6% this year—following the Pandemic Housing Boom’s 41.3% run-up in...
[ad_1] Unlike the stock market—which corrects through price shifts—housing corrections are historically felt the most acutely through declines in housing activity. That, of course, is why...
[ad_1] That, of course, is what we’re seeing now. Despite favorable demographics and tight inventory levels, pressured affordability—spiked mortgage rates coupled with frothy home prices—is beginning...