Undaunted by rapidly rising mortgage rates, many rich Americans haven’t given up on their poolside pads and high-end condos just yet. Luxury home prices climbed 9% to hit $1.1 million, the highest third-quarter level ever […]
Redfin’s latest report reveals that skyrocketing mortgage rates, the highest in twenty years, have dramatically eroded the purchasing power of homebuyers over the past 18 months. A homebuyer on a $3,000 monthly budget can only […]
Submitted by QTR’s Fringe Finance Since Fringe Finance has started, I’ve scoured the Earth far and wide to try and bring a perspective on real estate to the blog that is going to be both […]
After tumbling for the first time since 2012 in July, Case-Shiller’s 20-City Composite Home Price index was expected to drop even faster in August (the latest data available) as mortgage rates soared, crushing affordability. Analysts […]
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