Altos Research Reveals Housing Market Data Amid Rising Mortgage Rates
Tuesday, 22 October 2024, 13:42
Impact of Higher Mortgage Rates on Housing Market
As mortgage rates have surpassed 6.5%, the housing market continues to feel the pressure. Altos Research emphasizes that sellers remain active despite these rising costs. This trend fuels a complex scenario for buyers looking to enter the market.
Current Housing Market Data
Recent housing market data from Redfin and Zillow reveals shifting trends. The availability of properties has increased, yet high mortgage rates dampen buyer enthusiasm.
- Increased listings from sellers
- Persistently high mortgage rates
- Market participation dynamics altering
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.