Housing Market's Crucial "Spring Selling Season" Is In Tatters

Housing Market's Crucial "Spring Selling Season" Is In Tatters Authored by Wolf Richter via Wolf Street, Late last year and early this year, the story was that dropping mortgage rates, powered by big rate cuts from the Fed, would unleash demand in the housing market in the spring – the key spring selling season – and that sales volume would take off and that Realtors’ commissions would rocket to the moon. And so that didn’t happen. Inflation has been reheating for months before th...