home buyers
In 2024, the U.S. experienced its slowest year for existing home sales in nearly three decades, with only 4.06 million homes sold, according to the National Association of Realtors. Elevated mortgage rates, hovering between 6% and 7% for much of the year, played a significant role in the decline. Additionally, high home prices and limited […]
Currently, mortgage rates are around 6.9%, significantly reduced from the near 8% peak in late October, the highest in 23 years. Economists anticipate these rates to drop further later in the year, which could increase buyer competition due to more attractive financing options. However, this could also lead to higher home prices. Danielle Hale from […]
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