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Home Buyers May Finally Be Saying No to Sky-High Prices

·3 min read
Home Buyers May Finally Be Saying No to Sky-High Prices

The housing market has been tough to crack since the second half of 2020, when mortgage rates plunged to record lows and buyers sought to capitalize on them. At the same time, sellers haven't rushed to list their homes since the start of the pandemic. Because housing inventory has been so limited, the demand for homes has exceeded the supply.