Mortgage rates dip under 7%, housing supply still low

As the spring homebuying season blooms, mortgage rates offer some reprieve, dipping below the 7% mark for the first time in over a month. While this downward trend may provide a glimmer of hope for prospective homebuyers, the housing market continues to grapple with a severe supply crunch.Now we're in the spring home buying season, of course, historically busiest time to grab a new home.

But be that as it may, home buyers may rejoice at those slightly lower mortgage rates, but not at the availability of homes for sale on the market.But this right here is existing homes on the market for sale, the supply of those existing homes, and we did see that number improve a little bit.But still, as you can see here, is very depressed.

The motivation is Price, Josh, in many cases, because, as we know, the median home sales price in April ticked up to $407,600. People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City

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