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Prices are cooling in the West, but the market in the East is still hot. We check in with a real estate pro in the center of the divide.
In the last few months, mortgage applications have risen as rates have ticked down.
A February rise in pending home sales likely reflects a short dip in rates earlier.
The last few days have been particularly unstable for mortgage rates, which were already volatile amid recent interest rate hikes.
Some people are selling expensive homes and using the cash proceeds to buy more affordable ones. How does that hurt first-time buyers?
Some analysts say acceptance plays a role in the recent increase of home sales.
A new report from ATTOM says it’s now cheaper to rent than own a place in most parts of the country.
Pending home sales have dipped, and economists expect the market to continue to droop.
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
The rates on some types of loans have already been coming down.