Housing Struggling to Find a Bottom
An analysis of why the housing market continues declining after six consecutive months above 5% mortgage rates, examining inventory challenges and market dynamics.
By Eric Zunkley•
The housing market continues declining after six consecutive months above 5% mortgage rates.
Key factors include locked-in homeowners from the 2020-2021 low-rate period and minimal adjustable-rate mortgage adoption.
The affordability medicine needed is double digit price declines to bring inventory back into balance.