Some Buyers Still Lingering: Home prices and mortgage rates are rising, but there is still a crop of home buyers out there who are pondering whether now is the right time to buy a home or whether they should continue to wait a few more months.
Have they missed the boat completely, or could waiting pay off?
Mortgage rates have jumped more than half a percentage point in the last few weeks, with more jumps expected in the coming months. While rates are still low from a historical perspective, any rate increases can impact housing affordability. Above-Normal Price Growth, Strong Metro Area Gains Report Projects:
Forty-five of the top 50 metropolitan
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