YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Housing demand dropped sharply in June, as rising mortgage rates and inflation caused home prices to cool down.
Prices remain higher than they were a year ago, but the rate of price appreciation fell two percentage points, from 19.3% to 17.3%.
An imbalance between supply and demand are keeping price gains strong. The housing market has had a severe shortage for years, and this was intensified by the coronavirus pandemic.
Read more from CNBC.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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