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Buyers Have Accepted 6% Rates as the “New Normal”

“Buyers have accepted 6% mortgage rates as the new normal.”
~ Compass CEO Robert Reffkin, CNBC 


Compass CEO Robert Reffkin’s Thoughts on the Spring Market

01  |  Buyers have accepted 6% mortgage rates as the new normal.

02  |  Mortgage purchase applications have increased 8 out of the past 10 weeks.

03  |  There is a lack of inventory; however, inventory is 60% higher compared to this time last year.

04  |  Buyer demand continues to be strong, with home prices up in both March and February sequentially.

05  |  Open house traffic has picked up dramatically, with multiple offer situations becoming more common in markets across the country.

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