Home prices in the U.S. are set to stay flat over the coming months amid elevated mortgage rates, a real estate expert said, a development that could make it better for buyers looking to acquire homes in a market that has struggled with expensive homes for years.During the pandemic, lower mortgage rates sparked a rush in homebuying that escalated demand for properties that in turn contributed to a jump in prices.
While the overall sector is witnessing a jump in inventory and a drop in prices which is helping to make homes relatively cheaper, there is a bifurcated nature to the housing market in the U.S. at the moment, some real estate experts say.'If you're in the South and parts of the West and Mountain West, it's going to get a lot more favorable for buyers.
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