Realtor.com's Hale Sees Signs Housing May Be Stabilizing

The video discusses the recent trends in the housing market, highlighting the impact of the Federal Reserve's rate hikes on mortgage rates, which rose significantly in 2022 but began to decline towards the end of the year. This has affected the cost landscape for buyers, leading to a slowdown in transactions. Despite lower mortgage rates, home prices continue to rise, presenting a challenge for potential buyers. The video advises home shoppers to focus on their needs and budget rather than trying to predict market changes.

What was the effect of the Federal Reserve's rate hikes on mortgage rates in 2022?

• They fluctuated between 4% and 6%

• They remained constant at 5%

• They increased from 3% to over 7%

• They decreased from 7% to 3%

What trend was observed in housing transactions towards the end of 2022?

• A complete halt in transactions

• A slight recovery in transactions

• A significant increase in transactions

• A stabilization of transactions

Despite lower mortgage rates, what continued to happen to home prices?

• They decreased significantly

• They fluctuated unpredictably

• They remained stable

• They continued to climb

What is the main advice given to potential home buyers regarding market conditions?

• Avoid buying homes during rate hikes

• Wait for mortgage rates to drop below 3%

• Focus on personal readiness and budget

• Predict future home prices accurately

What factors are difficult for home buyers to control according to the advice given?

• Interest rates and loan terms

• Location and size of the home

• Neighborhood and amenities

• Mortgage rates and home prices