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【Zillow】The End of the Housing Market Deep Freeze: Why the Spring Home Buying Season Is Working Its Way Back Toward a New Normal

【Zillow】The End of the Housing Market Deep Freeze: Why the Spring Home Buying Season Is Working Its Way Back Toward a New Normal

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Housing market observers could be forgiven for expecting a weak spring home buying season this year. The market cooled dramatically in the second half of 2022, after buyers ran into an affordability ceiling amid rising mortgage rates and two straight years of red-hot competition. Sales activity plunged, as existing home sales reached their lowest pace since 2010 in December, and home values slumped for the first time in almost that long.

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