Will the Housing Market Return to 'Normal' Anytime Soon? New Report Explains

Will the housing market return to 'normal' anytime soon? New report explains

(NEXSTAR) — Those waiting for the housing market to cool have seen modest signs of improvement in recent weeks, but a new report suggests it could take even longer before we see a “normal” market again. In late August, the average rate on a 30-year U.S. mortgage dropped to 6.56%, its lowest level in 10 months. Still, that’s up from the 6.35% average rate a year ago. Meanwhile, home sales have been sluggish, with some sellers even taking their li…

Report: 'Normal' Housing Costs Possible by 2030

“The path back to normal housing costs doesn’t require a crash in home prices—stability may be enough,” said Redfin's Asas Khan. Continue Reading Report: ‘Normal’ Housing Costs Possible by 2030 The post Report: ‘Normal’ Housing Costs Possible by 2030 appeared first on Weekly Real Estate News.