Housing Market Takes 'Ugly' Turn in Sign for Future: Expert

Declining prices in certain housing markets portends a declining reality for homeowners looking to sell, according to a real estate expert, amid a fall in mortgage rates that could help buyers come back to a market that has been unaffordable for many Americans.

Prospective homeowners have been hit hard with mortgage rates at their highest since the turn of the century and record-high prices, making the prospect of owning a house beyond their reach.But that may be about to change, Gerli said.'In some of these states, this is going to be the most advantageous time to buy in years, at least since 2020 or 2021,' he told Newsweek.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Housing Market Takes a Turn for BuyersHomes sold lower than their listed price for the first time since 2020
Source: Newsweek - 🏆 468. / 52 Read more »

Housing Market Takes a Turn for RentersNew apartments are seeing prices falling.
Source: Newsweek - 🏆 468. / 52 Read more »

The Nasdaq looks ugly, giving many stocks in the broader market their time in the sunEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Source: CNBC - 🏆 12. / 72 Read more »