According to NPR Marketplace, “Last week, rates on 30-year-fixed mortgages hit their lowest levels in four months after surpassing 7% in October. The volatility in mortgage rates caused by Federal Reserve interest rate policy, among other factors, has cooled the U.S. housing market in some cities more than others…For an on-the-ground look at how it’s played out in markets disrupted by the pandemic buying frenzy of 2020 and 2021, Marketplace checked back in with real estate agents in San Francisco, the Lake Tahoe region and Missoula, Montana.”
Cynthia Cummins of Kindred SF Homes spoke with host Kai Ryssdal on Jan. 17. Follow this link to listen or read: https://www.marketplace.org/2023/01/17/3-real-estate-agents-on-the-cooling-u-s-housing-market/