Housing Market Shows Signs Of Improvement, But Most Go For Asking Price

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Knewz

By Alex Lang New York (Knewz) — Even though many experts say it will take months for the housing market to swing toward buyers, September saw some encouraging trends. On Sept. 17, Re/Max released its report on the September housing market. Home prices have seen a massive jump in prices in recent months. It led the Federal Reserve to rapidly raise interest rates to help slow down the market and tame inflation. Today, mortgage rates now sit near 7 percent as there have been some signs of a slowing in home sales. In September, the median sales price of $400,000 was 6 percent lower than the year-h…

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