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That’s good news if you’re looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Their confidence tanked last year.
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
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.