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Market Impact: 0.38
More homes, more price cuts – but buyers still aren't biting as mortgage rates climb
Source: foxbusiness.com
Housing & Real EstateInterest Rates & YieldsConsumer Demand & Retail
A record 20.8% of home listings received price cuts in September, signaling mounting pressure on residential property values. Elevated mortgage rates and rising housing inventory are weakening buyer demand and increasing seller concessions, creating a cautious outlook for the housing market.
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mildly negative
Sentiment Score
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