Housing Market Sees Potential Rebound as Mortgage Rates Drop
TL;DR
Despite the lowest mortgage rates in years, home sales remain low as few homeowners are willing to sell. While mortgage applications have increased for six consecutive weeks, they are still below last year's levels, indicating a lack of supply in the housing market.
Topics:businessreal-estate#home-buyers#home-sales#mortgage-applications#mortgage-rates#real-estate#sellers
- Home Buyers Are Ready to Buy. But Sellers Aren't Selling. The Wall Street Journal
- U.S. mortgage rates now dip below 7% rate - Dayton Business Journal Dayton Business Journal
- Mortgage rates are dropping. Here's what to expect in 2024 if you want to buy a home, experts say CNBC
- Mortgage rates below 7% could spark housing rebound: Redfin Yahoo Finance
- The housing market is already starting to pick up as mortgage rates fall: Redfin MarketWatch
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Read on The Wall Street Journal