The much-anticipated spring home-buying season has largely been dying on the vine as cautious consumers continue to navigate record-high home prices, elevated mortgage rates and a murky economic landscape.
Even so, some green shoots have emerged, as various regions are seeing slower home price growth alongside rising inventory, which is subtly shifting the market in favor of buyers.
Nonetheless, the high cost of buying a home will likely remain the norm over the coming months, propped up, in part, by the Trump Administration’s trade wars, which are driving up construction costs and indirectly fueling mortgage rate volatility.
