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News
'Incredible distortions in our marketplace': 45% of US real estate agents say they're struggling to pay rent — another bad omen for the housing market. But 2024 could be better
The numbers dont surprise Corey Burr, senior vice president at TTR Sothebys International Realty, who points to recent interest rate hikes driving up mortgage rates and pushing home sales to a lull.
Date: Dec 10, 2023
Category: Business
Source: Google
Mortgage rates nose-dive to new low and bring out the buyers
As low rates heat up the housing market, multiple offers and escalation clauses are starting to occur again, says Corey Burr, senior vice president with Sotheby's International Realty in Chevy Chase, Maryland. A buyer who submits an offer with an escalation clause expresses a willingness to go highe