More homes are on the market than a year ago, but rising mortgage rates remain a hurdle for many

  • 📰 ABC
  • ⏱ Reading Time:
  • 27 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business News

Article,110298700

Mortgage rates have been mostly ticking higher lately, but it’s not all bad news for home shoppers

FILE - A"for sale" sign is posted in front of a home in Sacramento, Calif., March 3, 2022. . .

In the first four months of this year, active listings — a tally that encompasses all homes on the market except those pending a finalized sale — were the highest since 2020, according to Realtor.com. Some of the increase is seasonal, with more homes typically going on the market just before and during the spring homebuying season.

However, the inventory of available homes remains well below the pre-pandemic era. In April 2019 there were roughly 1.1 million homes on the market, or over 400,000 more than last month.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 471. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Weekly mortgage refinance demand rose 5% after a slight dip in mortgage ratesMortgage rates are significantly higher than they were at the start of 2024, they pulled back slightly last week but several weeks of straight increases.
Source: CNBC - 🏆 12. / 72 Read more »

Today's 15-year mortgage rates go down while 30-year mortgage rates hold steadyMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Today's 15-year mortgage rates drop while 30-year mortgage rates stay the sameMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Today's 30-year mortgage rates rise while 15-year mortgage rates dropMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Today's 30-year mortgage rates plummet while 15-year mortgage rates riseMortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Homebuyers Are Making a Surprising MoveBuyers are overcoming high rates to purchase homes, according to the Mortgage Bankers Association.
Source: Newsweek - 🏆 468. / 52 Read more »