Reported 7 months ago
Mortgage rates have dropped below 7%, but potential homebuyers still face affordability challenges as high home prices, mortgage rates, and limited housing inventory create barriers to entry. Industry forecasts suggest national home prices will grow around 4.5%, with Goldman Sachs predicting a 3.8% appreciation this year, expected to rise in the coming years. However, Moody's anticipates a slower growth rate, attributed to increasing home sales and declining mortgage rates. Regional corrections may occur, influencing these predictions.
Source: YAHOO