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 […]
Greenwood Housing Market Navigates National Slowdown as Mortgage Rates Climb
National homebuying activity has experienced a notable slowdown, with key indicators pointing to a market grappling with elevated mortgage rates and evolving buyer-seller dynamics. Across the United States, pending home sales have fallen to their lowest level since early April, marking a significant contraction in buyer commitments. The four weeks ending July 26 saw a […]
Greenwood Navigates Rising National Housing Payments Amid Record Prices
The median U.S. housing payment registered its first year-over-year increase since October during the four weeks ending June 28, according to a recent analysis. This shift comes as national home prices reached a record high and mortgage rates continued to rise, marking a notable turn in the broader housing landscape. The report indicated that pending […]