Pending home gross sales information for final month show monthly features within the Midwest and South and a pullback within the higher-priced Northeast and West. The rising pattern partly stems from higher rates of interest, which have battered the sector’s capacity to service money owed and raised concerns about defaults rippling by way of the market. Some towns and cities want individuals to move there so badly that they provide issues away at no cost. Millennials are giving up on buying their dream house — and spending hundreds of dollars to renovate their rentals as an alternative.
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