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Coming Up:
Interest Rates & Supply Disruptions Increase Construction Costs
Rising interest rates and building material supply-chain disruptions act as significant headwinds on the housing market.
Home Sales Post Rare May Decline: Redfin
Rising mortgage rates cause home sales to fall in May for only the second time on record, while home prices saw the smallest May increase on record.
Angel Oak Mortgage Adds 7 New Employees
Focus for Non-QM lender is on account executives.
CEOs Expect A Recession And Declining Business Conditions
CEO confidence continues to decline
I Don't Need Your Bidding War
Has home affordability reached its max?
Jun 17, 2022
U.S. Leading Economic Index Down
The index dropped in April, too.
Inflation & High Housing Expenses Affect Even The Wealthiest Americans
36% of U.S. employees earning $100,000 or more per year are living paycheck to paycheck.
RE/MAX: Closings In May Down Year-Over-Year as Inventory Grows
Closings in May 2022 were 8.5% lower than May 2021.
Bidding Wars For Homes Fall To 15-Month Low
Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.