📈Housing Wire is a company that provides data, analysis and media coverage to help housing market leaders make informed decisions. Below is a quick summary of their report.
Higher Mortgage Rates – 17.2% of mortgages now exceed 6%, rising to 20% by mid-year, pressuring homeowners to sell.
🏡 Inventory Rebounds – More sellers are entering the market, bringing supply back to 2018 levels and easing the long-standing shortage.
💰 Buyer’s Market Ahead – Flat home prices and rising wages improve affordability, creating better opportunities for buyers.
Impact
✅ Buyers – More choices, less competition, and stable pricing make long-term investments safer.
✅ Sellers – Competitive pricing and strong marketing are key in a more balanced market.
As high rates reshape the landscape, smart planning is crucial. Are you considering buying or selling this year?
For the complete article click on the link: https://www.housingwire.com/articles/how-7-mortgage-rates-will-change-housing-for-a-decade/
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