✉news BusinessReal Estate first seen 1 d ago, last 2 h ago, peak #1
High mortgage rates strand home sellers as buyer demand plummets
US home sellers are increasingly stuck with properties they cannot offload as elevated mortgage rates deter buyers. Reports indicate buyer demand has plummeted, leaving listings sitting on the market far longer than in recent years. The situation stems largely from homeowners' reluctance to give up low rates locked in earlier, combined with affordability pressures on would-be purchasers.
Why now: Mortgage rates remain elevated, making the housing slowdown and its impact on sellers a timely concern
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