A major shift in the residential real estate market is underway. Market forces of supply and demand are affecting how buyers and sellers are reacting!
Single family home inventories are creeping up, mortgage interest rates have doubled in the last several years. These factors are affecting home affordability to fade for many first time home buyers. Home prices have continued to rise, but not at the same rate that was prevalent several years ago
Comments
I cannot believe how prices have skyrocketed. I met a young couple just before Chriatmas that are in the process of owning their first home, it is joyful event, thank you, Terri.