This past week, the housing market showed the early signs of a return to normal, with slowing median listing price growth, a growing inventory of homes for sale, and mortgage rates which have fallen more than a percentage point from their recent peak.
All market watchers will be tuned in to see what the Fed does at its next meeting at the end of this month. Why? Because the Fed's relentless raising of interest rates to tame ballooning inflation is what essentially triggered mortgage interest rates to double over the past two years.
#housing-market #median-listing-price-growth #inventory-of-homes-for-sale #mortgage-rates #federal-reserve #rate-cuts
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