Mortgage rates have dropped to 6.6%, contributing to an uptick in buyer sentiment for the fourth consecutive month, with expectations for further reductions ahead.
Despite rising inflation, including in key areas like shelter, the market anticipates a potential quarter-point rate cut from the Fed in the upcoming meeting.
Real estate trends show sellers adjusting to market conditions by lowering asking prices, even as new listings continue to rise, indicating resilience in the housing market.
In 2025, low-cost Sun Belt markets, characterized by robust construction, are projected to experience significant increases in real estate transactions and home prices.
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