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The Housing Market Warms Up, but This Twist Could Cause a Freeze
Is the housing sector again? A surge in property finance loan fascination charges past 12 months floor the real estate current market to an abrupt halt, as scores of would-be customers could no more time manage to acquire residences. But final month, as home finance loan premiums dipped and house selling prices fell from their peaks, home purchasers dipped their toes back in. True estate agents throughout the state noted customers returned to open homes, the selection of house loan programs surged, and the most fascinating properties obtained several offers again. “What we’re viewing are the seeds of a prospective spring thaw,” claims Realtor.com® Senior Economist George Ratiu. But he warns…