Posted 4/9/2024, 11:53:47 PM
Housing Market Cools as Rents and Taxes Rise, Home Sales Slow
- Housing market is down - rents and taxes up, home buying is down
- Broker says it's a "bargain hunters market" - high inventory, homes sitting longer, sellers slashing prices
- Homes now on market for avg 4 months compared to very fast sales previously
- Some sellers don't have to sell and are letting homes sit at higher prices
- Broker doesn't call it a bad time to sell given home equity, but advises waiting if possible