More Homes, Few Buyers, Even Price Cuts. How the Housing Market Has Changed. - Barron's
1. D.R. Horton cut annual guidance as buyer caution increases. 2. Home sales hit lowest levels since the mid-90s in recent years. 3. Rising mortgage rates and inventory are affecting the market. 4. Buyers are increasingly opting for adjustable-rate mortgages (ARMs). 5. Zillow predicts home values will drop by 1.9% this year.