Redfin’s forecasts for mortgage rates, home sales and home-sale prices account for a range of outcomes for inflation, employment and other macroeconomic factors. As such, its predictions for those key housing metrics lead with the most likely scenario. Home sales will fall to their lowest level...
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Like New York, a lot of that has to do with low mortgage rates. According to Trulia, rates would have to climb to 7% or more for renting to be a better deal than buying a home. Of course, a lot depends on what part of the city you live in. Residents of Bel Air, ...
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