✉news BusinessReal Estate first seen 12 h ago, last 1 h 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 recovery in the housing market this year, but those expectations are fading as mortgage rates climb again. Higher borrowing costs are discouraging buyers, cooling activity that industry observers hoped would rebound after a difficult stretch. The renewed rate pressure leaves agents and economists reassessing whether any meaningful turnaround in home sales and prices can materialise this year.
Why now: Mortgage rates are rising just as realtors had forecast a housing market recovery, undercutting those predictions.
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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