A balanced market returns as market activity decreases, however long term supply issues persist
Posted on Jul 09, 2022
Average home prices are still 5.3% higher than they were in June 2021, and benchmark home prices are a significant 17.9% higher than they were only one year ago.
Consumers saw interest rates and inflation continue to rise, creating more balanced market conditions. However, as purchasers adjust to the increase in borrowing costs later this year, dema...