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An upswing in mortgage rates in the US has driven affordability down to its lowest point in almost four decades. Those searching for homes may find that delaying for potential relief involves a risky bet.
Despite the hopes of many for a housing market rebound, a standoff remains — as sellers are under no pressure to move since they have locked in cheap mortgages. Here's a breakdown of where we are, and a look back at historical data.
May's builder sentiment report reveals the lowest reading in two years.
Nancy Chu, owner of Nancy Chu Homes at Keller Williams New Jersey Metro Group, says the current real estate inventory issue relates back to The Great Recession.
