Mortgage rates hit 7.67% for the week ending Oct. 19, while home prices stay steady and housing inventory falls.
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Category: higher mortgage rates
Is the Housing Market Overvalued? What Buyers Need To Know
Many are worried housing is overvalued and the market is at its peak. There are also fears the market could crash to correct high prices.
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How High Mortgage Rates Are Shaping Fall’s Housing Market—and Why Buyers Have a Surprising Edge
With mortgage rates hitting highs not seen since the turn of the millennium, the fall housing market is shaping up to be chillier than expected.
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A Government Shutdown Would Disrupt the Housing Market in These Surprising (and Painful) Ways
The housing market is facing a new threat: a looming government shutdown. Its effects would ripple through the housing market.
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Confused by the Housing Market? You’re Not Alone! We Explain the Head-Spinning Contradictions
What is going on in this contradiction-riddled housing market? There are so many factors keeping both prices and mortgage rates high.
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Is the American Dream of Homeownership Still Possible for First-Time Homebuyers?
Entry-level homes no longer come with entry-level prices. This is posing a challenge for many first-time homebuyers eager to become homeowners.
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The No. 1 Reason Why So Many Homebuyers Are Unable To Become Homeowners
This is the biggest obstacle that most first-time homebuyers are facing in today’s challenging real estate market.
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There Haven’t Been This Few Homebuyers in the Market Since 1996
The onerous combination of high mortgage rates and few homes for sale is keeping homebuyers out of the market.
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High Mortgage Rates May Be Here To Stay—at Least Through 2023
Mortgage rates might remain higher for longer. Inflation is higher than the Fed would like, increasing the odds it will hike its rates again.
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Is the Fall Housing Market Really ‘Going Nowhere Fast’? What Buyers and Sellers Need To Know
Pinned down by high mortgage rates, which topped 7% last month, the housing market has slowed to a crawl. Will it improve this fall?
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