Not only are more homes coming onto the market, but typically we don’t see a rise in asking prices this early into the year. "This is the market these sellers have been waiting for,” one expert says. More Homes Hit the Market in Time for Spring
As Mortgage Rates Climb, Home Sales Slip
While mortgage rates are still at historical lows, 30-year fixed-rate mortgages have risen nearly a full percentage point since May. As interest rates have risen, demand for new homes has fallen. As Mortgage Rates Climb, Home Sales Slip