Late summer is typically the start of the housing market's "offseason," marked low buying activity.
However, this year, the market may see an unusually high level of activity amid lower mortgage rates.
AdvertisementThe late summer and early fall are typically part of the housing market's "offseason," marked by low buying and selling activity.
But this year, the season could see an unusually high amount of activity as buyers look to lock in lower mortgage rates, a new Zillow report finds.
"Lower rates could stall or slow the cooldown in housing market activity that typically takes place this time of year, because right now buyers are more likely to be motivated by lower rates than sellers are," the report says.
Persons:
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Organizations:
Service, Business
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