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Vesta Equity Market Recap 17.0

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Be in the know with Vesta Equity's Real Equity Marketplace Update 17.0 edition, allowing you to stay one step ahead of the curve in the market. Please sign up to receive the recap weekly and share the recap with people in your network who want to stay on top of the latest housing trends and investment opportunities.

Written by: Michael Carpentier
May 8, 2023

The Pulse on Housing

US home listings plunged 21% in April with homeowners reluctant to sell in higher rate environment.

30-Year Mortgage Stands at 6.39%.

Housing Market Tracker: Spring inventory falls.

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Top News in Housing

High mortgage rates helping drive shortage of homes for sale and hurting affordability - High mortgage rates are contributing to a shortage of homes for sale and hindering affordability, as rising interest rates and limited supply deter potential buyers and lock-in existing homeowners with low mortgage rates, leading to slower housing market activity.

Mortgage fees to rise for buyers with good credit, fall for those with lower scores - New mortgage fee changes prioritize historically underserved borrowers but face opposition, impacting buyers' fees based on credit scores.

Mortgage rates inch down following Fed decision - Mortgage rates decrease slightly after Federal Reserve decision, with the average 30-year fixed rate dropping to 6.39% as of May 4, down from the previous week's 6.43%.

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