The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down in overheated real estate market.
Over the past 2 1/2 years, home prices have appreciated at an unsustainable pace causing many to ask, “Are things just slowing down, or is a crash coming?” To answer this question, there are two things that we wanna understand. The first is the reality of the shift in today’s housing market. And the second, is what experts are saying about home prices in the coming year.
The reality is, we’re seeing a big change in housing supply and demand. In South Florida, listings have increased about 30% compared to last year, while showings are down almost 17%. This is an inflection point for…
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