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Mortgage rates are up. Realtors are being laid off.
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.
It’s not the most timely home price indicator, but it does have advantages, including mapping prices over long periods.
The latest survey data shows that homebuilders have a positive outlook despite inflation and supply chain woes.
The National Association of Realtors reported on Monday that pending home sales were up 7.5% in October.
A look at the factors influencing home construction.
"All of a sudden, these guys don’t have the wood to start supplying some of these jobs,” one analyst said.
But they're up compared to a year ago.
Last month's flooding did not help matters.