Costs
Housing Shortage Costs Deals for a Third of REALTORS®
Inventory recently hit its lowest level since 1999, which is impacting real estate professionals’ ability to serve clients, NAR’s 2023 Member Profile finds. www.nar.realtor – Research
New Home Purchase Applications Fall as Construction Costs Rise
The volume of applications for mortgages to purchase newly constructed homes plunged in September, falling 16.2 percent from the September 2020 level according to the Mortgage Bankers Association’s (MBA’s) Builder Application Survey (BAS.) Compared to August the volume of applications was down 4.0 percent. These changes are not seasonally adjusted. Based on the volume of […]