Are Home Sellers In For a Rude Awakening?
AuthorReal Estate Experts. Date:
Since the pandemic started, the real estate market has been on fire. Sellers have enjoyed fierce competition among buyers that has led to bidding wars and record-breaking prices. Rarely has the market seen such ferocity, with buyers scrambling to make the most of unprecedented societal upheaval. However, as we enter into the third quarter of 2022, it’s becoming more apparent that the fast-paced real estate market might not be sustainable in the long term. In fact, many experts are predicting a sharp slowdown in the coming months, as the industry begins to recover from the pandemic-induced frenzy. This doesn’t mean that the real estate market is going to crash. In fact, in some areas, home prices are still soaring. But it does mean that sellers will be able to command the same high prices they’ve been used to in recent months. How the Market is Projected to Shift in the … Continued
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