Mortgage rates may be rising, but the housing market doesn’t seem to mind. In fact, several indicators have improved alongside rising rates.
The lending atmosphere is becoming friendlier, especially to first-time buyers. Simultaneously, the average time on market for non-distressed properties and the average sales-to-list price ratio both improved year-over-year in December, according to the survey. Simultaneously, the average time on market for non-distressed properties and the average sales-to-list price ratio both improved year-over-year in December. See Housing Recovery Regional Snapshot.
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