The US housing market is showing signs of life as anticipation of Federal Reserve interest rate cuts brings relief to buyers and sellers. Mortgage rates have recently fallen to their lowest levels in over a year, prompting a surge in refinancing and boosting new home sales in July. However, affordability remains a major hurdle, with home prices still on the rise. While lower rates could ease some pressure, experts warn that a full recovery will take time as housing supply struggles to meet demand.
Related Readings:
