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Prices are still rising, but more slowly. What does that mean for house hunters this spring?
Especially those closely tied to the housing market.
They’re down about 26% compared to a year ago.
A new report from ATTOM says it’s now cheaper to rent than own a place in most parts of the country.
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
The number of pending sales is down from last year, but homes are still selling quickly.
Mortgage rates are up. Realtors are being laid off.
Sellers who don’t want to become buyers and the refinancing craze play roles in the lack of supply.
They’re sliding even though the Federal Reserve has been raising interest rates this year.
The median payment on a new mortgage increased almost 9% from March to April.
