Home Prices Fall and Listings Soar: Could It Be a Great Time To Buy Despite High Mortgage Rates?
Realtor.com
DECEMBER 1, 2022
High mortgage rates—which, as of Wednesday, hover at 6.58% for a 30-year fixed-rate loan—are a stark reminder that many buyers might still struggle on the affordability front. After the COVID-19 pandemic-fueled homebuying rush reduced the number of homes for sale to all-time lows, the inventory of housing has since rebounded.
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