During the pandemic, the real estate market changed drastically. Home prices in particular increased drastically, but the quick increase in interest rates in 2022 have led to yet more shifts in the market. We spoke with some local experts to determine what’s going on with the real estate market now, and what they see for the near future.
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With low interest rates and rising home values in recent years, the current real estate market looks very different than it once did. While owning a home is the quintessential American dream, not everyone is able to purchase a home when they desire. For those who do choose to buy a home, here are some financial aspects to consider.