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Podcast: Living in Greenville North Carolina
Episode: Greenville NC housing market update August 2022
Description: Despite factors that generally put downward pressure on home values, such as rising mortgage rates and an increase in housing supply, in Greenville, North Carolina, home prices continued to rise in July 2022. At the end of July, mortgage applications reached their lowest point ever. The overall state of the economy and consumer confidence have contributed to the present shift in the housing market. And the economy is now changing. On the one hand, the fact that the gross domestic product (GDP) has decreased over the past two quarters is an indication that the economy is deteriorating. However, consumer spending...