Home Sales Fall, Price Growth Slows as Mortgage Rates Soar

May 25, 2022 Demetria Lester

The housing market turned a corner in April as the inventory crisis showed signs of subsiding, according to a new report from Redfin. The 9% year-over-year decline in homes for sale was the smallest recorded since March 2020 and the first single-digit drop since the start of the pandemic. While inventory remained at a record ...

The post Home Sales Fall, Price Growth Slows as Mortgage Rates Soar appeared first on theMReport.com.

Previous Article
Mortgage Rates Fall in the Face of ‘Multiple Headwinds’
Mortgage Rates Fall in the Face of ‘Multiple Headwinds’

A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability a...

Next Article
Rate Volatility and Economic Instability Drive Down Mortgage Apps
Rate Volatility and Economic Instability Drive Down Mortgage Apps

Consistently rising mortgage rates are forcing many refi borrowers to reconsider, as refinance activity is ...