Vacation Home Demand Close to Seven-Year Low
Vacation-home buyers face the same headwinds as other buyers, plus pandemic demand ended, and many have return-to-the-office orders, with loan rate locks down 50%.
Mortgage Rates Head Higher Again, Rise to 7.18%
The 30-year, fixed-rate mortgage rose from last week’s 7.12%, in part due to fears of another Fed interest rate increase, but that appeared less likely on Thursday.
For Buyers and Sellers, AI Will Bring Less Stress
Buyers wary of a fixer-upper? AI not only redecorates, it will soon quote remodeling cost estimates, hire contractors and help users buy pieces of furniture.
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