Real Estate

As the world begins to emerge from the global pandemic, consumer spending habits are shifting. Americans who were once investing in home improvements during the height of lockdowns are now redirecting their funds towards experiences like travel, dining out, and other service-based purchases. The allure of creating a vacation-like oasis in the backyard has waned
0 Comments
The housing market is currently facing challenges that are hindering its recovery, according to Bank of America economists. The surge in housing activity during the pandemic has since retreated and stabilized. This has created a lock-in effect for homeowners, limiting housing activity and reducing affordability. The forces that have led to these issues are expected
0 Comments
Recent data shows that despite a drop in mortgage rates, consumer response has been lackluster. Mortgage application volume increased only by 0.9% compared to the previous week, indicating a muted reaction from consumers. The average contract interest rate for 30-year fixed-rate mortgages decreased, but the refinance demand dropped by 0.4% for the week. However, it
0 Comments