Reported 1 day ago
Home sales in 2025 have begun slowly, with January's Pending Home Sales Index hitting a record low decline of 4.6%. However, falling mortgage rates and rising inventory levels offer some hope for the upcoming spring season, traditionally a peak time for home buying. Economists suggest that the recent decrease in mortgage rates, now averaging 6.63%, alongside demographic shifts, such as older first-time buyers, could invigorate the housing market as potential buyers prepare to enter the market.
Source: YAHOO