The housing market has been on a rollercoaster ride of ups and downs these past few years. With so much disruption caused by the pandemic, both homebuyers and sellers have been faced with historic and unusual conditions. Still today, Americans must traverse a challenging and tumultuous real estate climate to help make their homeowning dreams a reality.
Below, we’ll take a brief look into two major factors – housing inventory and high-interest mortgage rates – and what they mean for the U.S. real estate market.
Graphic created by New City Moving, small movers in Chicago.