Higher Rates, Fewer Buyers, More Sellers: What’s Changing in the Housing Market
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Something is changing in the housing market and I’m seeing it in real conversations and real transactions.
Mortgage rates have moved higher, buyers are becoming more cautious, some sellers are reaching the point where they can’t keep waiting, and I’m seeing short sales show up in my business for the first time in years.
Does that mean we’re headed for another 2008? No, and that’s not what I’m predicting. But there are cracks worth paying attention to.
In this episode, I break down how we got here, what I’m seeing from buyers, sellers and builders, and what today’s market could mean if you’re thinking about buying, selling, refinancing or simply wondering what may happen to your home’s value and equity.
The goal isn’t to predict the future. It’s to understand what’s happening now so you can make better decisions about what comes next.
Have a question about your own situation? Visit https://justaskjohnking.com/ and submit it for a future episode.
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John King, NMLS #453426 | CrossCountry Mortgage, LLC, NMLS #3029 | Equal Housing Opportunity
All loans are subject to underwriting approval. Restrictions apply. This content is for general educational purposes and is not legal, tax, investment, or individualized financial advice.