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Mortgage rates and real estate: Cash transactions are on the rise, NAR's Yun says 1 месяц назад


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Mortgage rates and real estate: Cash transactions are on the rise, NAR's Yun says

Persistently high mortgage rates continue to pressure the housing market, deterring both homebuyers and sellers from actively listing and purchasing properties. To shed light on this challenging rate environment, National Association of Realtors Chief Economist Lawrence Yun joins Wealth! Despite the elevated borrowing costs, Yun notes that "multiple offers are still happening," indicating a continued presence of buyers in the marketplace. However, Yun highlights a lack of supply to meet the demands. He suggests that should the Federal Reserve not cut rates in the near term, markets could potentially see "maybe six to eight rounds of rate cuts all the way through 2025," ultimately lowering mortgage rates and benefiting the housing market. "We know we are going to have more buyers when the rates decline—that's almost a certainty," Yun told Yahoo Finance. "The key question is whether we would have adequate supply to meet that demand." #youtube #stockmarket #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance  

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