The rapid rise in interest rates that quickly siphoned away buying power heading into the spring homebuying season is going to sour home sales for the rest of the year, NAR’s chief economist told Inman this week.
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NAR thought home sales would spike this year. Not anymore, thanks to volatile mortgage rates NAR thought home sales would spike this year. Not anymore, thanks to volatile mortgage rates

The market reaction to Trump’s war in Iran sent mortgage rates sharply higher. NAR will revise its bullish 14 percent sales jump as a result.




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