The high-cost regions in the Northeast and West experienced pullbacks due to affordability challenges. Home prices rising faster than income growth is not healthy...
Additionally, many sellers, who delayed listing in the past two years, will begin to put their homes on the market to move to a different home that better fits their new life circumstances...
Pending home sales remained low in February as climbing mortgage rates drove many would-be buyers to the sidelines.
Both new-home sales and pending home sales leveled off compared to December's surge as mortgage rate
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