#regional-housing-trends

#regional-housing-trends

Although some Realtors might be expecting a more active housing market in the current months, economists warn that affordability remains a challenge for many consumers. Lower rates have been bringing some buyers into the market, but according to data from the Mortgage Bankers Association, the recent drop in rates has primarily increased refinance activity rather than purchase activity, Lisa Sturtevant, chief economist for Bright MLS, said in a statement.