
Our real estate agents have heard from lots of homeowners on the fence about selling their home. They want to benefit from the historic "seller's market" causing prices in many areas to skyrocket, but they have real concerns about entering that same market as a buyer.
But now, market conditions show signs of changing. We may be reaching the end of this unprecedented seller's market. Gradual increases in interest rates will tighten credit, driving more potential buyers onto the sidelines. That means fewer qualified bidders and less of those lucrative bidding wars.