The U.S. housing market is currently experiencing a complex and puzzling situation as mortgage rates have reached a staggering 10-month high. This increase in rates coincides with a noticeable decline in mortgage-purchase applications, which fell by 4% week-over-week. However, interestingly enough, these applications are still 8% higher than they were a year ago. At the…
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Why Home Sales Are Stalling Despite Soaring Interest in Real Estate Listings
