The housing market nationally has been cooling slightly for the last few months and people are starting to notice. Neal Freyman at The Morning Brew was the latest to notice…(Morning Brew)
You know that blissful feeling when you first step out of a sauna into room temperature? The housing market might be experiencing that right now. More signs are suggesting that the sizzling pace of US home price increases will start to ease.
Fryman points out that the surge isn’t over yet and that is definitely true for some regions. In many parts of the South housing markets are still very hot. However, the great cooling has begun and that is a good thing. Remember, this is why the Fed is raising rates. Slowing demand and getting housing back to normal is much more desirable than a crash.