Real Estate
Home›Real Estate›Residential›Elevated mortgage rates cool home sales as buyer deman…
Elevated mortgage rates cool home sales as buyer demand softens
Zillow Research said elevated mortgage rates are slowing home sales, with buyer demand also softening, according to its August Market Report.
The report links the weaker sales pace to the rate environment facing prospective buyers, suggesting affordability pressure is weighing on market activity.
Zillow Research’s update indicates that home-shopping momentum is easing rather than accelerating during the latest monthly snapshot.
← Newer storyLedger CTO urges AI bug disclosure responsibility and warns against f…Older story →China crude imports rebound in August, imports up 6.2%