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Property News for 16 February 2022
The average size of a new mortgage just set a record, as home prices continue to climb
CNBC - 16 Feb 2022 14:00
Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.
Chicago Bears kicker Cairo Santos buys Vernon Hills home for $1.12M
Chicago Tribune - 16 Feb 2022 18:58
Built in early 2021, the nine-room house has four bathrooms, hardwood floors, 10-foot ceilings, a first-floor office and a mudroom.
Homebuilders' confidence falls as they wait months for cabinets, garage doors and appliances
CNBC - 16 Feb 2022 17:00
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.
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