The pandemic-era real estate rush has quieted down.
So you may be wondering: Where have all those homebuyers gone?
While the desire to own a home remains strong, many would-be buyers are holding off due to factors like:
High prices. Over the past few years, property values climbed faster than wages.
High mortgage rates. An increase in borrowing costs has made homeownership less affordable.
Low inventory. Buyers still face limited choices, especially for starter homes.
However, some of these indicators are starting to shift. Read our latest blog post to learn why homebuyers may head back sooner than expected.
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