The housing market isn’t off to a good start this year. The number of homes under contract that haven’t closed yet dropped 4.9% from December to January, according to a [recent report](https://www.nar.realtor/research-and-statistics/housing-statistics/pending-home-sales) from the National Association of Realtors®. Year-over-year pending home sales were down 8.8% in January. The culprit? [Rising mortgage rates](https://www.realtor.com/news/trends/mortgage-rates-just-hit-a-new-high-for-2024-heres-why/) that make it
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