Mortgage Rates March Towards 8%, Pushing Demand to the Lowest Level in 27 Years
FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGESThe numbers: Home buying demand dropped as U.S. mortgage rates rose for the fourth week in a row to the highest level since 2000.Mortgage demand dropped to the lowest level since 1996 as rates surged across the board due to a recent jump in Treasury
Pandemic Migration Creates Housing Crisis
Buyers complain about too-few sellers selling – but some homeowners want to move and feel frustrated that an ultra-low mortgage rate has locked them in.
Office Landlords Face Surging Insurance Costs
The office market – challenged by inflation, more natural disasters and a drop in lease income – also faces insurance costs that have risen 7.6% each year since 2017.
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