✉news BusinessReal Estate first seen 1 d ago, last 1 d ago, peak #27
Property transactions edge lower as mortgage costs bite
Original: Property transactions edge lower as mortgage costs weigh on market
Property transaction volumes have slipped as high borrowing costs continue to weigh on the housing market. Elevated mortgage rates are keeping buyers on the sidelines and cooling activity, with commentators noting that affordability pressures remain the main drag on sales until lending costs ease.
Why now: High mortgage rates are squeezing housing affordability, making the market slowdown a current concern for buyers, sellers and lenders.
housing marketmortgage lenders
Evidence
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