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Is The Market Shifting?
Episode 91
There have been noticeable changes in the real estate market over the past 3 weeks. Far less offers on properties, lower traffic levels at open houses, rising inventory, homes selling UNDER asking price. It's a welcome change from the blowouts felt over the past 2 years. And the cause? Well, lots. The increasing inflation felt largely in fuel and food, the stock market lowering and of course the Russian War. All these are creating and environment of heightened uncertainty and people are pulling way back on major purchases and discretionary spending. Housing will naturally feel the effects. So where does it go from here? And is this just a blip on the radar and low rates , high immigration and under building continue to make housing a rare commodity. We dig into the answers in this episode and give you our predictions on what to expect in the coming months.
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Dan Wurtele, PREC, REIA
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Ryan Dash PREC
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Published on 3 years, 9 months ago