As the summer winds down and the schools are almost back, there’s plenty of events taking place to allow you to make the most of the last days of the summer.
inventory is tight and expected to only get tighter now that mortgage rates have officially hit 7%, the highest we ve seen in over 20 years. chief economists warn it could go higher if the fed is not done raising rates. when you look at the real estate market a balanced market is when you have 6 or 7 months of inventory available. right now there is two months. the owners purchased this home in 2021 for about $360,000. just two years plus renovation later they could be getting half a million for this home. that is why the ceo of red finn has said the housing market has hit rock bottom. the only ones moving are those that have to. right now 60% of homeowners have a mortgage rate of 3.5% or lower. so if they sell that home, they are giving up their 3 1/2% mortgage rate for a 7% mortgage.
bathroom which correspondence to their sex assigned at birth as opposed to a gender they may currently identify with. governor glenn youngkin supports the changes. a spokesperson tells fox those districts not complying perpetuate a false notion that they know what is better for a child than a child s parent. the schools refusing to comply with virginia s policy on gender say they are able to ignore the orders coming out of richmond so they can comply with antidiscrimination laws. unclear if all of this is going to end up in the courts, bret, or if we are going to see new policies amended in virginia in the future. bret? bret: marc, thank you. homes are just at record levels of affordability. prices are up. interest rates are up. that comes together to make it very difficult for gen z to be able to buy a home. bret: red finn s ceo talking about the current housing crisis crushing many americans. already record home mortgage