Posted 1/16/2024, 1:05:21 PM
Mortgage Rates Ease Slightly Though Still Volatile As More Sellers Enter Housing Market
- Mortgage rates have fallen from recent highs, providing savings for home buyers, though rates remain volatile
- More homeowners appear ready to sell, with 21% considering selling in the next 3 years
- Home values fell monthly in 46 of 50 major metro areas in December, typical for this slower time of year
- Inventory levels remain low compared to pre-pandemic but are slowly recovering, up 0.6% vs last year
- Listings are still selling quickly, with the typical home going under contract in about a month, 50% faster than pre-pandemic