Newsfeed: Final Look at Local Housing Markets in April
We are seeing a significant change in inventory, but no surge in new listings. This means the increase in inventory is due to a decrease in demand, likely because of higher mortgage rates.
We are seeing a significant change in inventory, but no surge in new listings. This means the increase in inventory is due to a decrease in demand, likely because of higher mortgage rates.
Nearly every community in the U.S. is feeling the effects of an overvalued housing market, particularly in some smaller cities in states like Idaho and Tennessee where many sought out a new home during the pandemic.