Why our housing market is slowing and how it affects your home.


With the recent interest rate hikes, everyone wants to know if the market is slowing. Yes, the market is slowing down some, but it is still a good time to sell.
 
The number of homes on the market slightly increased. At the same time, buyer demand also decreased. There are a few main reasons why we’re seeing this change. 

First, the Federal Reserve has been fighting inflation by raising rates, which has made it harder for buyers to afford homes. Second, we’re also seeing a change with newly-built homes due to altered zoning laws and code changes.
"The market might be slowing, but it’s still a good time to sell your home."
 
How does all of this affect your home? The drop in buyer demand has already led to immediate changes like fewer offers on properties. Home prices are still increasing, but some experts predict that prices could flatten soon as inventory increases and d ...