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Sacramento is another city where the market has cooled off after a pandemic-fueled boom. ... 7 Housing Markets That Are Cooling Off Heading Into 2025. Show comments. Advertisement.
'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 ...
That’s created the perfect storm for a housing market that’s been more or less frozen. But anticipation that the Federal Reserve will start cutting interest rates soon is breathing new life ...
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 ...
After the COVID-19 pandemic, some baby boomers whose children have moved away have found it prohibitively expensive to move into smaller homes, a paradox caused by the higher prices of newer homes, tax benefits given to long-time owners, higher interest rates, and low supply of appropriately-sized housing caused by restrictive zoning that ...
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 ...
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 ...