Pound Ridge Real Estate
The ongoing sales decline reflects the impact of the mortgage rate peak of 6%.
Sales were down 2.4% from the prior month and 5.9% from one year ago.
Contract signings were down 8% from the same month a year earlier.
Asking rents rose by 10.3% year over year in August, marking the first double-digit YOY increase in the history of…
Construction of long-term housing fell 5.5 million units short of historical levels over the past 30 years.
30-year fixed-rate mortgage averaged 2.96 percent.
January’s sales of existing homes rose 23.7% from January 2020.
The shift has been greatly facilitated by the increase in working from home.
Mortgage rates average 2.81% | Pound Ridge Real Estate
The inventory of empty units is the largest ever recorded since data started being collected 14 years ago
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