Will the housing market improve in the fall?

The news isn’t staggering but at least it offers a glimmer of hope: for the second straight week mortgage rates fell slightly to 7.12%, down from 7.23% two weeks earlier. On the other hand, new home listings declined 8.5% from a year ago.

While current homeowners are reluctant to put their homes on the market due to high mortgage rates, new home construction continues an upwards trend, offering buyers some hope.

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