Neighbor News
Persistent Inventory Challenges - Anticipate a Busier Spring Market
Mortgages playing into it.
🧾The 30-year fixed-rate has remained within a very narrow range over the last month, settling in at 6.69% this week. Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market. Despite persistent inventory challenges, we anticipate a busier spring 🌻homebuying season than 2023, with home prices continuing to increase at a steady pace.