What this spring looks like in real estate markets around the country
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The US real estate market is experiencing a slowdown due to increased mortgage interest rates following the war in Iran. Despite this, some areas like Miami are seeing an increase in pending sales, with buyers becoming more choosier about their purchases.
The US real estate market had high hopes for 2026, but the war in Iran drove mortgage interest rates back up. This led to a decrease in mortgage applications and pending sales. However, some areas like Miami are seeing an increase in pending sales. Buyers are becoming more choosier, looking for the best properties. Real estate agents are working harder to maintain their volume, with some reporting twice as much effort to close deals.
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