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The Housing Market’s Spring Thaw Is Almost Here. What Could Ice It.
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Forecasts are divided on the size of the rebound: The National Association of Realtors expects that sales will rise as much as 12%, while Fannie Mae anticipates a more modest 2.3% increase. “The spring is going to depend a lot on what happens with mortgage rates,” says Hannah Jones, a senior economic research analyst at Realtor.com. Mortgage rates have been above 6%—the rate economists often cite as a psychological barrier for some buyers—since September 2022, according to Freddie Mac data.
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