Seaside towns made a resurgence during the global pandemic as people re-evaluated their lifestyle choices. Areas like Cornwall experienced a boom with house buying and being...
Despite tentative signs of improvement, the US real estate market remains trapped in a familiar dilemma: high prices and dissuasive interest rates. The latest data published on home sales, house prices and loan applications confirm one fact: activity is stabilizing, but at a historically low level, with little chance of a real recovery without a marked easing in mortgage rates.A deceptive improvement in existing home salesIn May, sales of existing homes rose by 0.8% month-on-month, reaching an annualized rate of 4.03 million transactions, according to the National Association of Realtors...