Weekly property update from Jackson

Weekly property update from Jackson

As mortgage rates rise in line with the Fed’s rate hikes this month, fears simmer that the US housing market may be pricing out tens of millions of potential homebuyers. The interest rate for a 30-year fixed-rate mortgage is around 6%. And not only is it getting more expensive to borrow money, but most real … Read more

Weekly property update from Jackson

Weekly property update from Jackson

Buying a first home has just gotten much more difficult for first-time homebuyers, who experts say could soon be priced out of the US housing market. That’s because the Fed announced the biggest rate hike since 1994. The hike is expected to push 30-year mortgage rates to levels that will price off millions more potential … Read more

Housing market slows retreat from rising seas and bigger storms | News from North Carolina

Housing market slows retreat from rising seas and bigger storms |  News from North Carolina

By BEN FINLEY, Associated Press Chuck and Terry Nowiski lived in their cottage-style farmhouse with a wraparound porch for 36 years before it was flooded. After Hurricanes Matthew and Florence, they said “yes” to the state’s offer to buy and demolish their home. Almost three years later, they are still waiting for the money. What’s … Read more