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He added that on the inventory side, the spate of new condos and single-family homes reaching the market also weighs in. “The Seattle housing market is forecasted to keep cooling through 2025 ...
'The market is slowing down' Almost two-thirds, or 61.9%, of homes listed on the market in May had been for sale for at least 30 days without going under contract, according to a new analysis by ...
Mortgage rates still high at the start of 2025. The housing market faces stiff headwinds in 2025. Mortgage rates rose in each of the first three weeks of January and hover near 7%. Many market ...
The bank said home prices will stay high and go even higher. The housing shortage will persist. ... Home prices spiked during Covid-19 and then the Fed’s war on inflation sent mortgage rates ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
One of the big factors cooling demand is rapidly rising mortgage rates. While the rate on the 30-year fixed mortgage — the most common home purchase loan — inched down to 5.25% last week from ...
The housing market is starting to crack—Sellers are cutting prices at record levels as ‘You can no longer price based off of where sales were’ Sydney Lake November 6, 2023 at 2:12 PM
High mortgage rates, inflation and low supply have made the road to homeownership a difficult one as of late. While home prices seem to be cooling down, some experts are warning that a potential...