Low interest rates, low inventory, high construction costs, a reluctance to sell, a surging economy, millennials looking to buy and many other factors are keeping the real estate extraordinarily hot throughout the entire country. Still, there are a number of indicators that the strong sellers market may be easing.
Higher interest rates may be coming sooner than expected as the Federal Reserve keeps a close eye on inflation. Buyer confidence that this is a good time to buy a home is dropping (4 percent in the last month) while pother buyers are giving up.
if the high construction costs and labor shortage continue the number of homes on the market will continue to decrease.