Housing market may be thawing as rates dip and listings inch higher
The housing market appears to be thawing as interest rates have recently dipped and listing numbers have slowly inched up. Low mortgage rates have attracted buyers back to the market, resulting in a rise in pending sales. Foreclosures and other distressed properties are also declining, indicating an overall improvement in the market. Rising homebuilding has also helped boost sentiment, with construction activity up in the majority of areas. These improvements are making homeowners and buyers more confident, leading some to believe that the housing market may finally have bottomed out and is beginning to recover.