In a startling turn of events, homebuyers have been confronted with a formidable obstacle as mortgage rates surged past the 7% mark for the first time since December 2023. This sharp uptick in rates has dealt a significant blow to…
In the realm of residential construction, a sense of uncertainty looms large as recent data reflects a notable decline in momentum alongside flatlining builder confidence. Despite a brief improvement in builder sentiment observed in March, April’s figures reveal a market…
In the ever-evolving landscape of the U.S. housing market, where soaring home prices and persistent mortgage rates have become commonplace, a recent report sheds light on a glimmer of hope for budget-conscious homebuyers. The latest monthly housing report unveils seven…