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Robert from yahoo bd

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Wednesday, 01/25/2023 9:15:09 AM

Wednesday, January 25, 2023 9:15:09 AM

"Mortgage applications to purchase a home rose 3% for the week but were 39% lower year over year. Homebuyers are still trickling back into the market, as house prices ease slightly. There is still, however, precious little to choose from with inventory low.

“Homebuying activity remains tepid, but if rates continue to fall and home prices cool further, we expect to see potential buyers come back into the market,” said Joel Kan, an MBA economist. “Many have been waiting for affordability challenges to subside.”

https://www.cnbc.com/2023/01/25/mortgage-demand-jumps-as-interest-rates-drop.html

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