Commercial Real Estate Will Revitalize
NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans.
Average 30-Year Mortgage Rate Falls to 7.44%
Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes.
Property Prices Trending Upwards
CoreLogic: Nine out of 10 residential properties are still selling for a profit in 3Q 2023, despite the recent downturn in the housing market.
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