U.S. existing home sales rose modestly in November due to an easing of mortgage rates, but economic uncertainty is keeping potential buyers on the sidelines. Friday’s report from the National Association of Realtors also showed that the inventory of previously owned homes fell to the lowest level in eight months from October, limiting choice for […]
Homes in Cape Coral, Florida (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images) Jeffrey Greenberg/Universal Images Group via Getty Images Since the pandemic real estate boom, home prices in most local markets have been 25 to 50% too high compared to local incomes. In the past, such an imbalance always resulted in a […]