The sluggish housing market is on track to finish the year at the slowest pace since the Great Recession. But that doesn’t mean no one’s buying.
“There’s a lot of pent-up demand. You have the five D’s keeping the market moving,” Reffkin said in an appearance on CNBC. But aside from those home buyers who have a pressing need to move, everyone else is on pause in this housing market, given how high home prices and mortgage rates are, he added.
Source: News Formal (newsformal.com)
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