Reported about 1 year ago
Mortgage rates have increased for the first time since the week of May 30, impacting the US housing market. National Association of Realtors' Jessica Lautz discusses the challenges faced by homebuyers due to rising rates and limited inventory, stressing the need for new home construction. Lautz notes that although lower rates could benefit homebuyers, rising home prices and inventory scarcity may lead to more bidding wars. The interplay between rates and inventory poses challenges for prospective buyers considering entering the market.
Source: YAHOO