Is the Housing Market Finally Thawing—or Is Another Deep Freeze To Come?
Posted by Cary W Porter on
After a particularly rough stretch, the frozen housing market has begun to thaw.
Mortgage rates have tumbled, more homes are being listed, and sales are rising as buyers are pouncing on their sudden change in fortune.
“The worst is over for the housing market,” says Mark Zandi, chief economist at Moody’s Analytics. But “it will take a number of years for the housing market to fully normalize.”
Indeed, the signs of a gradual sea change have been abundant in the past two months.
Market Recap
Real estate market activity has remained slow in accordance with typical seasonal patterns. Interest rates held steady through the month of January to end at 6.69%; at the time of this publication, there was a slight decrease to 6.63%. For the…
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