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 Clemson
U.S. homebuying demand has weakened significantly, with pending home sales falling to their lowest level since early April during the four weeks ending July 26. The decline, which saw a 1.7% drop in the final week of that period, coincides with a notable increase in the daily average mortgage rate, which reached 6.85% at the […]