September 19, 2023

An awful time to buy a house

This is an awful time to buy a home if you can avoid it, Axios' Brianna Crane writes. A lack of supply and record-high mortgage rates have forced would-be homebuyers to the sidelines. Mortgage rates soared past 7% this summer, and "they're unlikely to fall in a meaningful way," Bankrate chief financial analyst Greg McBride said. More Americans than ever think it's a bad time to buy, according to a recent Gallup survey — the highest since the pollster started asking the question in 1978. Keep reading.

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