Stable Rates Are Drawing Out Home Buyers
Moderating borrowing costs, along with a rise in For Sale signs, appear to be luring prospective buyers off the sidelines nationally, NAR said.
Moderating borrowing costs, along with a rise in For Sale signs, appear to be luring prospective buyers off the sidelines nationally, NAR said.
As home supply remains constrained, homebuyers across the country seek alternatives with many first-time buyers pursuing new construction
Single-family new construction fell 2.1% in April on high mortgage rates, tariffs and costs, while overall starts rose 1.6% on multifamily growth.
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Buyers with moderate incomes can afford only a small share of listings, with slight gains in affordability, a NAR survey found.