US EditionWhere are the homes? Glaring need for housing construction underlined by Century 21 CEO
- The current high mortgage rates are preventing many potential homebuyers from entering the market and discouraging homeowners from selling their homes.
- The combination of high rates and low home inventory is making housing less affordable. Despite this, home prices remain high due to the lack of available properties.
- The demand for homes is increasing as millennials and Gen-Z enter their main homebuying years, but there is a shortage of affordable properties, leading to a supply and demand issue.
9 Articles
9 Articles
Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale. The dearth of available properties is propping up prices even as sales of previously occupied U.S. homes have…
Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
Mike Miedler, CEO of real estate brokerage franchisor Century 21, spoke to The Associated Press about the challenges homebuyers face as the combination of elevated rates and low home inventory worsen affordability.
Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale. The combination of elevated rates and low home inventory has worsened the affordability crunch, especially for first-time buyers and threatens to extend the nation’s home sales slump. Mike Miedle…
Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale. The combination of elevated rates and low home inventory has worsened the affordability crunch, especially for first-time buyers and threatens to extend the nation’s home sales slump. Mike Miedle…
Where are the homes? Glaring need for housing construction underlined by Century 21 CEO
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The highest mortgage rates in more than two decades are keeping many prospective homebuyers out of the market and discouraging homeowners who locked in ultra-low rates from listing their home for sale. The combination of elevated rates and low home inventory has worsened the affordability crunch, especially for first-time buyers and threatens to extend the nation’s home sales slump. Mike Miedle…
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