By Rocky 2022
Realestate Market
Covid recap
Past 2 years we have seen the wildest market swings in the real estate history. The initial dip in equities as lock down froze the market early 2020 was quickly turned into a buying frenzy in late 2020 as easy money policy and the demand for larger square footage and an inflation hedge drove buyers to fight over dwindling inventory; often bidding 6 figures over market value.
Construction delays and rising prices was to be expected as underpriced listings received a hundred offers.
The seller's market lasted until early 2022 as out of control inflation forced the federal reserve to raise interest rates. Combined with prices around 40% higher than pre-covid levels, mortgages became dramatically less affordable.
The new normal
What is to come?
What to look for...
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