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“Mortgage rates near 8%, an ‘inventory crisis’: Homebuyers face a ‘tricky’ market, expert says”

“…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…”

https://www.cnbc.com/2023/10/12/mortgage-rates-near-8percent-low-inventory-homebuyers-face-a-tricky-market.html

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