Sales, inventory, and construction are picking up in the US housing market after months of being battered by sky-high mortgage rates.
Sales, inventory, and construction are picking up in the US housing market after months of being battered by sky-high mortgage rates.
  • Optimism about mortgage rates rose to levels last seen in March 2022, a Fannie Mae survey found.
  • The upbeat mood is driven by stronger job security and lower borrowing costs as the Fed looks ready to cut rates. 
  • Other parts of the affordability equation are still constrained, with consumers expecting home prices to rise.

Americans are feeling a lot better about buying a house.