Is the Fall Housing Market Really ‘Going Nowhere Fast’? What Buyers and Sellers Need to Know

The housing market is stuck, and isn’t likely to unstick itself this fall.

Pinned down by high mortgage rates, which topped 7% last month, the market has slowed to a crawl. Buyers can’t afford to buy, sellers are reluctant to sell, and the number of available homes remains dangerously low. That shortage has led to rising home prices again, forcing many would-be buyers to put their American dream on hold.

Mortage rates are expected to remain high, home prices are rising again, new-home construction is one bright spot in the market, and who is still buying homes today?

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