Reported 1 day ago
A recent Bank of America survey indicates that U.S. homeowners and prospective buyers are experiencing the highest level of uncertainty regarding the real estate market since 2023, with 60% of respondents unsure if now is a good time to buy a home. This uncertainty arises from rising mortgage rates and high home prices, leading to a slowdown in spring home purchases, despite a previous spike in mortgage applications earlier this year. While many buyers anticipate falling prices and rates, the current market dynamics have created challenges for consumers.
Source: YAHOO