Lowcountry Real Estate Market Report - July 2022
Posted by Charter One Realty on
The U.S. housing market has continued to cool, as rising mortgage rates and record high sales prices have stifled affordability, weakening demand and pricing out many buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans delayed, many are turning to the rental market, where competition has intensified due to increased demand.
Hilton Head & Mainland Real Estate Market Update - July 2022
For the 12-month period spanning August 2021 through July 2022, pending sales in the Hilton Head…
1190 Views, 0 Comments