- Higher mortgage rates have pushed refinance applications down 41% from a year ago, but purchase apps were down just 9% due to tight inventory.
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- According to realtor.com, buyers are paying about 30% more for a house than they would have a year ago due to higher sales prices and rates.
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- Among home projects, a new home office and hardwood floor refinishing brought homeowners the most joy, a recent NAR/NARI survey found.
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