Tuesday, 9 August 2022 | The Latest Buzz for the Appraisal Industry

High Prices, Mortgage Rates Push Buyers Toward More Affordable Areas

The housing market has slowed following a pandemic-driven buying frenzy, with home sales falling and supply starting to rise due to rising mortgage rates, high home prices, inflation, and a faltering economy. According to a new report from Redfin, a record 32.6% of Redfin.com users nationwide looked to move from one metro to another in …

The post High Prices, Mortgage Rates Push Buyers Toward More Affordable Areas appeared first on theMReport.com.

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