Last year's run-up in mortgage rates cast a chill on the housing market.
Big money spent a fortune snapping up homes. Now, regular folk are outsmarting the pros.
The housing market has started to show signs of increased buyer interest in recent weeks.
Pending sales climbed 2.9% in December on a seasonally adjusted basis.
A key cost tracked by the Federal Reserve could be easing up.
Inventory is staying tight, preventing values from falling faster.
Still-elevated home prices are combining with rising interest rates to create an affordability crunch.
Affordability pressures and inflation are holding back tenants, forcing landlords to ease off big increases.
Flippers with loans need to repay them, and rising interest rates make carrying costs even greater.
The housing market is losing steam fast as mortgage rates skyrocket.
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