CANFIELD, Ohio – In this excerpt from The Business Journal Roundtable Series featuring housing and mortgages, local lenders and real estate professionals discuss how higher interest rates continue to shape home sales and buyer behavior.
Panelists say mortgage rates near 6% remain a constraint on affordability but are not historically high and may already reflect expected Federal Reserve cuts.
Several note that modest rate declines could spur buyer inquiries and unlock inventory from homeowners holding low-rate mortgages, while others emphasize that home prices, life changes and buyer fatigue may weigh more heavily on the market than incremental rate moves.
Watch the full discussion HERE.
Read the full transcript HERE.