Home sales in the Dayton region fell about 7% in November compared to the same time last year, with the average home price currently at approximately $300,000.
According to the Dayton Realtors Multiple Listing Service, while potential buyers may be waiting for better purchasing conditions, those who bought homes at peak interest rates more than 7% two years ago are increasingly looking to refinance.
Andrew Roberts, the manager of loan originations at Wright-Patt Credit Union, reported a rise in refinance activity as homeowners seek interest rate relief.
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Roberts emphasized the importance of getting pre-approved for a loan for those considering another home purchase in the near future…