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 Reach Highest Level in More Than a Year, Impacting Newberry Market
U.S. homebuying demand has significantly weakened, with pending home sales falling to their lowest level since early April, as the daily average mortgage rate climbed to 6.85% at the end of July. This marks the highest mortgage rate recorded in more than a year, introducing new dynamics for prospective buyers and sellers in markets like […]