Housing Market Stalls Amid High Rates

Housing market chaos: More homes for sale, but buyers are stuck. High mortgage rates—still hovering around 6.47%—are crushing first-time buyers, while older homeowners cling to their low-rate loans and refuse to downsize. Opendoor’s CEO warns the slowdown is hitting their business hard, as homes linger on the market and younger buyers get locked out. The average first-time buyer’s age? 40. This isn’t just a housing crisis—it’s a generational wealth delay. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6dd5e38ed7b838e9