✉news BusinessReal Estate first seen 5 h ago, last 1 h ago, peak #1
High mortgage rates strand home sellers as buyer demand plummets
Sellers across the United States are struggling to offload homes as elevated mortgage rates keep buyers out of the market. Demand has plummeted, leaving many properties sitting unsold and owners unable to move without sacrificing price. Reports highlight the standoff between sellers reluctant to lower prices and buyers deterred by borrowing costs near multi-decade highs.
Why now: Elevated mortgage rates have sharply reduced buyer demand, leaving many sellers stuck with unsold homes.
US housing markethome sellersNBC News
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