Newly pending home listings fell 17% in October across the United States, reaching the lowest level for that month since 2018, per ZILLOW GROUP INC - A. High borrowing costs have created a standoff between hesitant buyers and stubborn sellers. The resulting market slowdown leaves potential home sellers facing difficult choices to secure a deal.
US Housing Market Faces 7 Percent Mortgage Rates
High mortgage rates have created a standoff between hesitant buyers and sellers. Experts advise pricing competitively and avoiding fixer-uppers to secure sales.
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