Home sales will only get worse next year before rebounding in 2024
Housing Wire
NOVEMBER 21, 2022
As of October, more than 80% of existing borrowers had mortgages at least 200 basis points lower than the current market rates, and more than 90% had mortgages at least 100 bps lower — the largest share since at least 2000, the government-sponsored enterprise said. . million, according to the National Association of Realtors.
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