The Home Buyer Sensitivity to Interest Rates

Is there a noticeable difference in demand just with those 25 or 50 basis point swings? There is certainly a point in time. As rates have ebbed and flowed at points and times this year, when rates get down to 6%, again, the deficit that we're seeing versus pre-pandemic levels has tightened up. But yes, we've seen some ebbs and flows. And I think that's the expectation as we move forward or at least the hope is that as interest rates then ultimately ease, that brings demand back into the market.

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