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Yes, mortgage rates are high. But demand is starting fall because of that, and prices aren’t rising as fast as they have been, experts say.
The rapid rise in home prices has provided a windfall for homeowners, but rising interest rates make home-buying increasingly out of reach for renters.
It’s not the most timely home price indicator, but it does have advantages, including mapping prices over long periods.
Most houses sold in about a week, keeping buyers on their toes.
“You’re working twice as hard for the same amount of money,” says Mindy Palmer of helping buyers in a tight market.
After a year of virtual visits, real estate brokers are rolling out the welcome mat for frenzied buyers
The numbers suggest that the reopening of major parts of the country gave a boost to the housing market.
Analysts say last month’s slowdown is just the beginning.
More realtors are taking up drone photography and virtual tours.
Analysts are predicting a lift in July numbers after June’s small decline.
