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Spring Market Delayed, Now Catching Up
Description
This spring’s housing market took an unexpected detour—delayed by a month—thanks to a sudden shift in mortgage rates. After a brief “goldilocks” window where rates were favorable, global tensions and economic uncertainty pushed rates up to around 6.5%, stalling buyer momentum. While demand didn’t disappear, hesitation grew as folks waited for clarity. Now, what looks like a booming market is actually delayed activity finally kicking in, stretching the traditional spring rush into summer. It’s not pure new demand—it’s catch-up, fueled by economic headwinds and stubborn buyer patience.
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