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Jill On Dollars: Summertime housing in transition

Soon after hearing 3 tales about home revenue that blew up within just days of closing, I figured that it was time to look at in on what is likely on in residential real estate this summer months.

Jill Schlesinger 

Ailments have modified inside the couple of months due to the fact I wrote about the housing affordability disaster, leaving the industry in transition.

Here’s what we know: The rise in mortgage premiums (30-calendar year prices are at 5.5% as of this producing, up from just about 3% at the start off of the calendar year), merged with even now-high selling prices, has intended that action has slowed down noticeably.

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