Spring is here (almost) and the housing market is expected to … who knows? Mortgage rates are high and, based on the comments from the Federal Reserve on raising interest rates, expected to go higher.
Sellers have seen prices moderate a bit and and many have been forced to decrease asking prices. Houses are sitting on the market much longer as well.
Most analysts expect to see an upturn in the market in the coming months but nowhere near the craziness of the pandemic years or even the pre-pandemic times.