Homeowners Remain Locked in Place
The Pro Builder
OCTOBER 3, 2024
Despite mortgage rates being at a two-year low, they’ll need to come down even further for homeowners to consider selling their homes, according to a recent report from housing market platform Realtor.com. In October 2023, mortgage rates peaked at a 23-year high of 7.79%. Last week, almost a year later, mortgage rates dropped to 6.08%. But even though this is the lowest rates have been since September 2022, many homeowners are still holding off on listing their homes for sale.
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