Click HERE to read the April Virginia Title Center Newsletter in its entirety
Spring Thaw Luring Homebuyers Back: Realtor.com
by David Krechevsky
More buyers returned to the housing market this spring as mortgage rates fell, but the lack of inventory and reduced affordability has tempered activity. According to Realtor.com’s Monthly Housing Trends Report for March, the recent six-month surge in active listings lost momentum, moderating to 59.9% year-over-year. In addition, time on market shrank to 54 days — from January’s high of 74 days — as buyers eased back into the market. Still, the report cautioned, recent higher mortgage rates could freeze them back out. Click HERE to learn more details from this report.