Despite a bleak housing market for potential homebuyers, the outlook is different for some homeowners in the country. Indeed, total value of the U.S. housing market is up a whopping 49% when compared.
There is still no sign of relief for homebuyers. Mortgage rates are continuing to soar and home prices have reached record prices. This, coupled with low inventory might still leave many buyers on the.
Despite soaring mortgage rates, home prices not only continued to rise, but hit record highs in July as demand outpaced supply. See: 5 Reasons the Housing Market is ReversingFind: 15 Cheapest, Safest.
For wealthy homebuyers, factors such as location, amenities, views, spaciousness and overall community often outweigh cost. In many cases, those who are truly affluent also want locations that offer.
Many people dream of buying their own home, but a confluence of economic and real estate issues is arguably creating an affordability crisis. Just a few years ago, during the height of the pandemic,.