K-Shaped Housing Market Persists as Starter Homes Lag
A national housing report indicates that the K-shaped economic trend, where different segments of the economy perform divergently, remains deeply entrenched in the real estate market, particularly impacting prospective homeowners in Aiken and across the country. Despite a reduced supply of entry-level homes compared to 2019, the attention each property receives has fallen below pre-pandemic […]
U.S. Homebuying Demand Slows as Mortgage Rates Climb, Posing Questions for Greer’s Growth
Homebuying demand across the United States has experienced a notable deceleration, with pending home sales falling to their lowest levels since early April. This shift comes as the daily average mortgage rate has climbed to 6.85%, marking its highest point in more than a year and introducing new considerations for both buyers and sellers in […]
U.S. Housing Payments Rise, Prices Reach Record High Amidst National Trends Affecting Greer
U.S. housing payments recorded their first year-over-year increase since October during the four weeks ending June 28, coinciding with home prices reaching a record high and rising mortgage rates. This shift marks a notable change in the national housing landscape, following a period where year-over-year payments had largely stabilized. The analysis, which was condensed due […]