‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash - Studies suggest the market is finally cooling, with some buyers saying they are pushing off plans to purchase a home by as much as 6 to 12 months. ‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crashReal estate expert: Housing market ‘still strong,’ not as much of a ‘frenzy’ for buyers - "We are seeing a slow pullback. We do anticipate pricing to come down a bit. The level of acceleration and appreciation we had is not sustainable, but we still see the market as being very strong through the rest of ‘22 and into ‘23."
Is the real estate market starting to cool off? - As home prices hit record highs and mortgage rates increase, the message for prospective buyers is simple — wait if you can.
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