Unraveling the Mystery: Why Are Homes Skyrocketing in Price?
Key Takeaways A chronic scarcity of available houses sparks fierce competition among buyers, fueling escalating prices. Soaring mortgage interest rates have considerably inflated borrowing expenses. Higher costs for construction materials, labor, and general inflation further intensify soaring home prices. What’s behind the steep ascent in housing costs today? A cocktail of factors—from climbing mortgage rates… Read More »