With interest rates high, even wealthy home owners don’t want to buy a new home. Higher home values and a stubbornly high interest rate has meant more Americans, even the well-off, are sitting on their homes, decreasing mobility and freezing up the housing market. One developer, Thomas James Homes, believes there’s big business in helping high-end homeowners remake, as opposed to resell, their existing real estate.

Topics:  higher   thomas james homes   high-end   interest   
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