Renting is all the rage, surging by the greatest level seen in years.
The U.S. housing market is ‘finally starting to listen’ to homebuyers plagued by high mortgage rates and home prices, economist says
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Active listings fell 1.4% in August from the prior month, per Redfin.
“The dreaded mortgage rate ‘lock-in’ effect is fading,” said real estate investor and Reventure CEO Nick Gerli.
Now might not be the right time to sell your house in Florida.
"It's not a dramatic improvement, but it's the start of the new era."
A lower rate should be “enough of an incentive” for some homeowners to sell their homes and trade up, opening up inventory.
Builders also continue to offer mortgage-rate buydowns and other incentives to make new builds attractive to buyers.
