The mortgage industry is currently grappling with the impact of higher interest rates on the future supply of homes. There has been a noticeable downturn in the issuance of housing permits, signaling potential challenges ahead for both buyers and sellers in the real estate market. As an industry expert, it is crucial to closely monitor this trend and its potential implications for the overall health of the housing market.
– Higher interest rates are causing a slowdown in the issuance of housing permits
– This trend suggests a potential decrease in the future supply of homes
– Industry experts are closely monitoring the impact of these developments on the real estate market
– Both buyers and sellers may face challenges as a result of the downturn in housing permits
– It is important for mortgage professionals to stay informed and adapt to the changing market conditions
You can read this full article at: https://www.housingwire.com/articles/will-mortgage-rates-drop-in-time-to-help-single-family-construction/(subscription required)
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