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After sitting on the sidelines, sellers finally want to offload their houses fortune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fortune.com Daily Mail and Mail on Sunday newspapers.
Americans Are Dropping Home Prices as Buyers Lose Interest newsweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweek.com Daily Mail and Mail on Sunday newspapers.
The housing market has been grappling with rising mortgage rates and declining homebuilder sentiment over the past couple of years, as mortgage rates hit the highest level since 1995 while homebuilder sentiment fell to a 10-month low earlier this month. Tech-based real estate company Zillow Group's chief economist Skylar Olsen recently described the current housing market as frozen after the median 30-year mortgage rates crossed the 8% mark. As the housing market has affordability hovers near re ....