Buyers will face a very tough housing market this spring. According to a recent Realtor Magazine article, a myriad of factors will contribute to the challenges buyers will encounter such as, record low inventory, the expected rise in mortgage rates and escalating prices of both new and existing homes.
While buyers will inevitably face challenges in the short term, some buyers may experience reduced competition due to rising interest rates which may eliminate some purchasers from the market during this time. To view full article please click here.
Source: “Buyers To See Tough Spring” https://magazine.realtor/daily-news/2022/02/28/buyers-to-see-tough-spring