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. Put simply, many potential home sellers have decided to stay put rather than list. Some areas in the United States are taking the brunt of the market downturn.
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