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As Housing Costs Reach New Highs in a Market Correction, Buyers Brace for the Worst

Pro Builder

Mortgage rates are climbing, inventory is dwindling, and home prices are still rising, but a market correction could bring about big changes in the year ahead. Mortgage rates are at their highest level since 2002, and elevated borrowing costs paired with record high home prices are diminishing housing affordability across the country.

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NAR’s 40th Annual Profile of Home Buyers and Sellers

Pro Builder

With low housing inventory, homes sold at an all-time low of just one week compared to three weeks last year. This is the highest median percent since the data series started in 2002. Homes are selling at a median of 1 week on market, with fewer offering incentives. compared to 46% a year ago.

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FEATURE STORY: Thailand — Nuanced Nation, One-Stop Shop

Buisness Facilities Contributed Content

The country’s open concept investment policy offers no restrictions on foreign currency remittances, no export requirement, no foreign equity restrictions in the manufacturing sector and no local content requirement. Founded in 2002 as the first and only science park in Thailand. THAILAND SCIENCE PARK.

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State by State Incentives Guide

Buisness Facilities Contributed Content

Inventory is exempt from property tax. In December 2002, the former U.S. This program allows an approved business to offer an income tax credit to investors purchasing an equity investment in the business. Bond proceeds cannot be used for working capital or inventory. Currently there are two MRZs in Arizona.

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