New Home Market Update
With rising interest rates and talks of an economic recession, we are seeing shifts in the housing market. Some consumers have moved to the sidelines to wait out the uncertainty while others are dipping their toes back into the market to see what kind of deals can be had. The changes in the market are regional though. For example, the western U.S. is cooler than some of the trends seen on the East Coast. “The strong demand over the past two years drove up home prices across the country,” reported chief economist, Ali Wolf, to Fortune.com. “And it appears the West hit the pricing ceiling quicker than other markets.” Read the latest housing market news from Zonda’s experts to learn more.
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