Buyers continue to be priced out of the housing market by another sharp increase in mortgage rates. According to US News, the 30-year rate jumped to 5.23% this week from 5.09% last week. A year ago at this time, the average rate was 2.96%. Until April, the average rate hadn’t exceeded 5% in more than a decade.
- The Aging Housing Stock
- Aging Population to Boost Smart Home Technologies