Housing supply to recover as rates ease through 2025: Economist

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Mortgage Rates News

Lawrence Yun,Housing Market,National Association Of Realtors

Persistently high mortgage rates continue to pressure the housing market, deterring both homebuyers and sellers from actively listing and purchasing...

deterring both homebuyers and sellers from actively listing and purchasing properties. To shed light on this challenging rate environment, National Association of Realtors Chief Economist Lawrence Yun joins Wealth!

"We know we are going to have more buyers when the rates decline—that's almost a certainty," Yun told Yahoo Finance."The key question is whether we wouldAnother major hurdle for home buyers is high mortgage rates, the 30 year fixed currently sitting at 7.22%.And with the odds of a rate cut being largely pushed back to September and maybe even beyond depending upon who you ask buyers are surely wondering when they might see some relief with mortgages for more on this.

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