Mortgage rates at 7-month high, lack of listings sidelining homebuyers.
Tagged: Housing Market
Realtor.com report says home-price growth slowed to 0.9% year-over-year, as inventory growth slowed for third straight month.
Monthly housing payments hit a record high this week.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
Redfin says inventory is down nearly 20% YOY, but homes for sale are flying off the market.
Fannie Mae survey finds a large majority of consumers believe it's a bad time to buy a home.
Rising mortgage rates could freeze buyers out later this year.
Says spring home-sale season starts with steady demand, but lack of listings holds back sales.
Housing inventory levels increased year over year for the 10th consecutive month.
Increase comes in at 9.8% over January; still down year over year.