The housing market continues to see an increase in available inventory, providing more options for potential buyers. However, the rise in borrowing costs is expected to put a damper on sales growth in the near future.
Key points:
– Increased inventory in the housing market
– Higher borrowing costs are anticipated
– Potential limitation on sales growth as a result
Industry experts suggest that while the increase in available homes may lead to more opportunities for buyers, the higher cost of borrowing could deter some from entering the market. This delicate balance between supply and demand is expected to shape the housing market in the coming months.
You can read this full article at: https://www.housingwire.com/articles/as-inflation-heats-up-mortgage-rates-also-rise/(subscription required)
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