The Petersburg Post

Tuesday, Nov 11th, 2025 - Between July 2024 and June 2025, a persistent shortage of available homes limited options for buyers, and properties that did come to market were often priced beyond the financial reach of many homebuyers. Mortgage rates averaged 6.69% over the year, further reducing affordability, according to the National Association of Realtors (NAR) . This environment led to fewer first-time buyers entering the market, while ...