Housing Market Shows Signs of Stabilizing as Buyers Get Some Relief
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Home sales and inventory are starting to pick up, signaling a possible "new normal" for the housing market.
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Mortgage rates remain high, over 7%, so the days of ultra-low rates are likely gone for now.
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More sellers are putting homes on the market, giving buyers slightly more options.
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Home prices are expected to see slower, more moderate growth compared to the sharp rises of the past 2 years.
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Buyers may have a bit more leverage but still need to be proactive with approving financing, while sellers may need to price homes competitively.