“Mortgage rates near 8%, an ‘inventory crisis’: Homebuyers face a ‘tricky’ market, expert says”
October 13, 2023
“…With fewer people selling their houses, she said, there is now an “inventory crisis.” “We’ve seen a crunch — our first-time homebuyers are struggling,” she added…
Mortgage rates are currently approaching 8%, the highest level in decades, and have priced many first-time homebuyers out of the market, Kasper said…”