Elevated mortgage rates and home prices have pushed prospective homebuyers to the sidelines. In addition, homeowners have been reluctant to put their properties on the market and risk potentially forfeiting the ultra-low mortgage rates they locked in during the pandemic. But anticipation that the Federal Reserve will start cutting interest rates soon is breathing new life into it.
To read the full story on CNN Business, click here or go to https://www.cnn.com/2024/08/25/economy/housing-market-recovery/index.html?utm_source=residential-real-estate-pulse.beehiiv.com&utm_medium=newsletter&utm_campaign=your-new-real-estate-best-friend&_bhlid=a6d8c6a13283498e9e16766351325884698f5e63
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