Housing market may be thawing as rates dip and listings inch higher


The housing market may be thawing as mortgage rates drop and listings inch higher. Low mortgage rates have encouraged more people to refinance and purchase homes, driving up demand. At the same time, many states have slowly begun to reopen, which has allowed home sellers to enter the market as buyers look to take advantage of the low rates. As a result, listings have gone up modestly in recent weeks, both in terms of new homes and existing homes, signaling potential stabilization in the housing market. Although the recession caused by the COVID-19 pandemic has had dire consequences for some homeowners, it looks like the housing market could be on the road to recovery.

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