Freddie Mac reported rates for a 30-year fixed mortgage averaged 7.18% as of Thursday
The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
One industry expert highlighted changes facing buyers trying to combat the new real estate terrain.
“We’ve been stuck in this cycle now really since COVID. I think that people are just kind of waiting for things to change, and it might not ever change,” The Rogers Healy Companies CEO Rogers Healy said on “America’s Newsroom” Thursday.
“I think that real estate continues to drive our economy. And I think people are going to hopefully find a way to bring out some kind of miracles in the world of real estate. And it’s going to obviously be around interest rates, if not other options as well,” he added.
Across the nation, many middle-income earners are being priced out of the American dream due to rising home costs and mortgage rates. Those who do buy are often settling for more costly options, making many house-poor and struggling to make ends meet.
Impeach Biden & Harris SOLVED !!!
Reverse the Democrat Party Trends !!!!!!