✉news BusinessReal Estate first seen 13 h ago, last 13 min ago, peak #8
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%
Sellers are cutting home prices at the highest rate in four years as mortgage rates climb back above 7%. With borrowing costs this steep, buyer demand has cooled sharply, forcing price reductions across many markets and signaling growing strain in the US housing market after years of rapid appreciation.
Why now: Mortgage rates crossing the 7% threshold again is reigniting concern about housing affordability and falling home values.
US housing marketmortgage rates
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- Price Cuts Hit Four-Year High As Mortgage Rates Top 7% · National Mortgage Professional
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