Housing Market Shifts - Is the Real Estate Market COOLING? June 2022 Update
Автор: Joshua Farris | Central Coast Properties
Загружено: 2022-06-07
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Housing Market Shifts - Is the Real Estate Market COOLING? June 2022 Update
How has the housing market changed in the last few months? What are the trends telling us may be in store for the future?
With rising interest rates, low inventory, and inflation on the rise, we are seeing a decrease in mortgage applications, buyer demand and we are seeing some more price reductions. The STRONG seller's market where there were multiple offers and bidding wars may be shifting and we may be seeing the pendulum swing to more of a buyer's market in the coming months. Affordability is an issue and now may be the time for buyers to prepare to buy a home in the coming months. Real Estate doesn't shift overnight, and it may take a few years before we see prices come down a whole lot. What are your thoughts? Leave them in the comments!
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