A "seller's market" happens when there are more potential buyers than homes for sale. In a seller's market, people looking for a home may feel frustration and not easily find the home that they want. When they find a home for sale that they like, the seller of the home may receive multiple competitive offers at the same moment.
What’s Ahead For Mortgage Rates This Week – December 23rd, 2019
Last week's economic reports included readings from the National Association of Home Builders on housing markets; the National Association of Realtors(R) released data on sales of previously-owned homes and the Commerce Department released readings on housing starts and building permits issued. Weekly reports on mortgage rates and new jobless claims were also released.
