Reported about 11 hours ago
Experts predict a slight increase in housing affordability in the U.S. this year, primarily due to anticipated reductions in mortgage rates rather than an increase in available homes. Although home prices are expected to rise modestly, they remain significantly above pre-pandemic levels, largely due to a persistent shortage of housing inventory. Many potential sellers are hesitant to list their homes due to historically low mortgage rates they secured during the pandemic, keeping supply tight and placing upward pressure on prices.
Source: YAHOO