Home Buyers Are Ready to Buy. But Sellers Aren’t Selling.

Wall Street Journal, Dec. 18, 2023–Nicole Friedman
Home sales this year are on track to be the lowest since at least 2011. But as mortgage rates retreated from nearly 8% in October to below 7% last week, buyers are responding. Mortgage applications have increased for six straight weeks on a seasonally adjusted basis, though they are still down from year-ago levels, according to the Mortgage Bankers Association.
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