Jill on Money: Summer Housing in Transition

After hearing three stories about home sales that exploded within days of closing, I figured it was time to investigate what was happening in residential real estate this summer.

Jill Schlesinger

Things have changed within a few months since I wrote about the Housing Affordability Crisis, leading to the transition to the market.

Here’s what we do know: Rising mortgage rates (30-year rates are at 5.5% as of this writing, up from just 3% at the start of the year), combined with still-high prices, mean there’s activity. significantly slower.

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