Real estate platform ZeroDown compiled major statistics for the U.S. real estate market along with metro level insights for the four weeks ended May 22, 2022.
Mortgage rates dipped for the second week in a row, but applications for mortgages stayed flat and for refinanced loans dropped.
“Currently, higher rates, low inventory, and high prices are keeping prospective buyers out of the market,” the associative vice president of economic and industry forecasting for the Mortgage Bankers Association, said in a statement.
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