Lower rates attract buyers. Although demand for high-end homes and properties in certain parts of the country has softened, overall demand is strong as people respond to declining borrowing costs and rising inventory levels. The housing market is moving at its briskest clip since late 2015 after declining for several months in a row, according to the latest existing-home sales data from the National Association of REALTORS®. âRight now we are seeing a revival of buyer interest,â NAR Chief Economist Lawrence Yun said on CNBC. âIf one looks at the closing data it is [showing a] sharp increase in the latest month ⦠buyers are clearly taking advantage of the lower interest rates.â |