✉news BusinessReal Estate first seen 9 h ago, last 13 min ago, peak #9
Rising mortgage rates dash hopes of housing comeback
Original: Realtors predicted a modest housing comeback this year. Rising mortgage rates are now dashing those hopes
Realtors had forecast a modest housing market recovery this year, but mortgage rates climbing higher are undermining those predictions. The renewed rise in borrowing costs is expected to keep affordability strained and dampen buyer demand, putting expected sales and price rebounds in doubt across many markets.
Why now: Higher mortgage rates directly affect affordability, so homebuyers, sellers and industry watchers are reacting to the failed recovery forecast.
realtorsmortgage markethousing market
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Evidence
- Realtors predicted a modest housing comeback this year. Rising mortgage rates are now dashing those hopes · The Globe and Mail
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