Housing investors say this is their worst market in at least 3 years
Investors in the single-family housing market indicated falling sentiment. Mortgage rates hit a recent low at the end of February but rose sharply at the start of the war with Iran. They are now at their highest level in over a year. Investors said the high cost of financing is one of the biggest problems in today’s market. Most real estate investors do not expect to see any rate relief anytime soon, and some expect rates to rise.