A critical shortage of listings is the top obstacle, not rising mortgage rates or new tax laws that reduce certain homeowner deductions, especially in higher price ranges. Nationally, sales of homes priced above $750,000 were up nearly 19 percent from a year ago.
Similar Stories to Homebuyers Are Not Bothered By Higher Rates Or Taxes, But Sellers Are on Bing News
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Wed, 03/21/2018 - 1:00pm
BING NEWS:
- US IRS targets sharply higher audit rates on big firms, partnerships, millionaires
The Internal Revenue Service said on Thursday that it plans to sharply increase audit rates for big corporations, partnerships and multimillionaires over the next three years as it ramps up ...
05/2/2024 - 12:31 pm | View Link - IRS Acts to Address Wide Disparity in Audit Rates Between Black Taxpayers and Other Filers
The IRS that it has taken steps to address a wide disparity in audit rates between Black taxpayers and others filers.
05/2/2024 - 10:07 am | View Link - Homebuyers Are Making a Surprising Move
Mortgage applications rose even though rates went up, highlighting the fact homebuyers were willing to pay higher borrowing costs for home loans, data from the Mortgage Bankers Association (MBA ...
04/17/2024 - 4:05 am | View Link - Higher rates, $600,000 median price return for Reno homebuyers
At the same time, mortgage rates also rose last week in response to higher than expected inflation. The combination is bad news for residents already struggling to afford buying a house.
04/17/2024 - 1:22 am | View Link - Homebuyers are 'drunk' on rate cut hopes: Broker
many prospective homebuyers are waiting on the sidelines until rates come down. The impact of these higher rates is evident in the housing market data, as housing starts fell 14.7% in March from ...
04/16/2024 - 2:01 am | View Link - More
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