The U.S. housing market witnessed its strongest seasonal slump in five years as homes lingered on the market for an average of 70 days in December 2024.
The projected mortgage rate averaging above 6% through 2025 creates a 'lock-in' effect, discouraging homeowners with lower-rate mortgages from listing their properties.
#us-housing-market #mortgage-rates #economic-projections #real-estate-trends #homeownership-challenges
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