This month, it’s all about mortgage rates. The high interest rates have people wondering if we are in a housing market correction. We are at a turning point in the market and feeling a slight power shift away from sellers and towards buyers. Once we are past the mortgage rate spike we expect more potential home buyers will be willing to enter the market.
The June 2022 Real Estate and Mortgage Market Report shows the most important updates in housing and home financing this month. If you have questions about a specific market, please reach out. We would love to help you learn more about the market and opportunities for homeownership.