Even with falling rates, the housing market is shaping up to be bad in Q4
Housing Wire
NOVEMBER 18, 2022
“More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” National Association of Realtors Chief Economist Lawrence Yun said in a statement. The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”.
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