Yes, homes are selling

Despite some mixed messages regarding housing trends – mortgage rates inched up to 6.77% (the highest in 2024 to date), prices essentially remained steady, and listings increased by a significant 9.5% – the outlook for the spring season remains uncertain.

Of particular concern to analysts is the fact that the Federal Reserve is unlikely to cut rates in March as hoped, given the January report on inflation and unemployment.

On the other hand, homes continue to sell at a steady rate, as the average time on the market dropped 3 days from one year ago.

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