If recent headlines about the housing market have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years.
Buyer demand then and now
During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from Showing Time confirms this trend (see graph below):
The orange bars in the graph above represent the last few months of data and the cool down in the volume of home showings the market has seen since mortgage…