Existing Home Sales Slide Despite Lower Mortgage Rates
Understanding the Current Home Sales Market
Existing home sales have shown a downward trend, despite the recent drop in mortgage rates. Many experts believe this slide is temporary.
The Role of Mortgage Rates
The National Association of Home Builders foresees a future uptick in home-buying activity as mortgage rates continue on a moderating path. This sentiment underscores the importance of monitoring mortgage trends.
Inventory and Affordability
- Improving inventory levels are expected to ease home price growth.
- This shift can ultimately enhance affordability for potential buyers.
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