Anna Vavruska and her husband would like to sell the home they purchased in the Sunnyside neighborhood at the start of the pandemic. But that would require a trade-off they aren't willing to accept a much higher mortgage payment.
Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel.
Anna Vavruska and her husband would like to sell the home they purchased in the Sunnyside neighborhood at the start of the pandemic. But that would require a trade-off they aren't willing to accept a much higher mortgage payment.
When the Federal Reserve kicked off its rate-hiking campaign in March last year, the housing market responded predictably mortgage rates climbed, leading to eventual declines in home prices.