Mortgage Rates Dip Below 6%—Now What?

The Realtor.com® economics team video update gives you the relevant economic and real estate information you need to know each week every Friday to navigate the housing market as a homebuyer, home seller, or industry professional. For the week ending February 27, Realtor.com® Chief Economist Danielle Hale discusses mortgage rates dropping below 6%, what that means for buyer purchasing power, and when we might see the impact on home sales. She takes a step back to look at how housing has weathered the last 4-years of high mortgage rates. She then covers recent findings on cross-market housing demand, highlighting that today’s home shoppers continue to be open minded about considering far away locations. Danielle reviews an update on home price trends and finally examines Realtor.com weekly housing data and the buyer-friendly new listings and price trends found there. Find all the details including full reports and our housing data for download at realtor.com/research. You can also follow us on X (formerly twitter) for real time updates. And instagram @realtordotcomecon for graphics. Find detailed reports at https://www.realtor.com/research/ Find free housing data for download at https://www.realtor.com/research/data ********* Find your home on https://www.realtor.com ********* Download our mobile app: https://www.realtor.com/mobile ********* Follow us on: Facebook: https://www.facebook.com/realtor.com Instagram: https://www.instagram.com/realtordotcom TikTok: https://www.tiktok.com/@realtor.com Threads: https://www.threads.net/@realtordotcom X: https://www.twitter.com/realtordotcom Pinterest: https://www.pinterest.com/realtordotcom -~-~~-~~~-~~-~- Learn More about the home buying process: "Home Buying 101: How Do I Get Started?" https://www.youtube.com/watch?v=zqZI4ZvjcRM -~-~~-~~~-~~-~- #realtor #realestate