LOS ANGELES (AP) — Homebuyers in Seattle, Silicon Valley and the nation's other priciest markets may soon see some relief as falling mortgage rates prompt...
LOS ANGELES — Homebuyers in Seattle, Silicon Valley and the nation's other priciest markets may soon see some relief as falling mortgage rates prompt more sellers to list their properties.
“Sellers, especially those who are locked into a low rate, have been waiting for market conditions to change,” said Danielle Hale, chief economist at Realtor.com. “Now that we’re seeing mortgage rates down to their lowest levels in two years, there are signs of movement, with more sellers putting homes on the market, even in what’s typically a real estate shoulder season.”
Even so, homeowners who can afford to hold off on selling are likely waiting for rates to come down a lot further than they already have. Taylor Machine Works Selects Proterra Battery Technology to Power Electric Port and Industrial Equipment
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