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Housing Market Holds Despite Rising Rates | Real Estate News
Published 3 weeks, 3 days ago
Description
Oil surges to $78 a barrel, fueling stubborn gas prices and slowing inflation’s cooldown. Mortgage rates cling near 6.75% as the Fed signals possible rate hikes. Home inventory ticks up 2% year-over-year, offering more options and slightly lower prices — keeping buyer activity steady with pending sales up 5%. If rates ease later this summer, home sales could surge.
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