Housing prices in the US experience rare dip, buyers benefit.
TL;DR
For the first time since 2012, the year-over-year prices of houses in the US have decreased, making it cheaper to buy a house now than at the same time last year. Home sales have increased across the country, with the biggest month-to-month jump since July 2020. Mortgage rates have fallen to under 7%, encouraging buyers to come back in. Realtors recommend buyers move quickly while prices are lower, but sellers may not keep prices low for long.
Topics:businessreal-estate#buyers#home-sales#mortgage-rates#national-association-of-realtors#real-estate#us-housing
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