Will the housing market improve in the fall?

Green Escrow | Real Estate

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.