How Mortgage Rate Hikes are Affecting Home Sales Across Different Regions
Thursday, 18 April 2024, 14:02
Mortgage Rate Effects on Home Sales
In March, existing-home sales decreased to a rate of 4.19 million, according to the National Association of Realtors. Higher mortgage rates were identified as the primary factor affecting the housing market.
Regional Resilience
One particular region stood out for withstanding the sales decline despite the broader market challenges. This anomaly sheds light on the regional disparities in the real estate sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.