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Adjusting To The Two Realities

Estate Properties

Well, the market looks different than it did in January and we are all adjusting to the two realities of high inflation and spiking mortgage interest rates. While it is still a hot market for sellers, mortgage costs and rising home prices have maybe cooled buyers a little. But, the need for homes and property is still there. With the raising inflation, buying real estate is a hedge against it.

It appears that the Fed's attempts to tame inflation with higher interest rates are beginning to work. Which is good news. This could be a more favorable buying environment without the bidding wars but bearing in mind that it only takes one buyer to buy a property.