What to Know for the Spring Home Buying Season

Aspiring home buyers may find a slightly more favorable real estate market this spring as home prices rise at a slower pace, with January’s median price increasing by just 1.1%. Mortgage rates, currently around 6%, are expected to stabilize, boosting buyer confidence. Although inventory is improving, a shortage of affordable homes persists, especially in the Midwest and Northeast, while more options become available in the South and West.

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