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 Slowdown Reaches Rock Hill, Mortgage Rates Hit Year-High
U.S. homebuying demand has significantly weakened, with pending sales falling to their lowest level since early April, as the daily average mortgage rate reached 6.85% at the end of July, its highest point in more than a year. This national slowdown, which saw sales decline 1.7% in the last week of the four-week period ending […]
U.S. Housing Payments Rise, Impacting Rock Hill’s Market Dynamics
The median U.S. housing payment recorded its first year-over-year increase since October during the four weeks ending June 28, a development that reflects a broader upward trend in the national housing market. This increase comes as home prices across the country reached a new record high, compounded by a rise in mortgage rates during the […]