1 / 6
6% Mortgage Rates Offer Unique Opportunities for Buyers
Mortgage rates dropped to 6%, the lowest since 2022, but the US housing market shows little recovery. There are 44% more home sellers than buyers, the second-largest gap since 2013. Buyer activity hit a record low due to high prices, layoffs, and uncertainty. Only 5 of the 50 largest metros are seller’s markets, while many Sun Belt areas face excess supply. Prices may adjust or sales remain slow.