With the housing inventory slightly increasing, mortgage rates increasing slowly, mortgage applications decreasing, days on market are increasing. The question is are we seeing the housing market making a correction? Federal Housing Finance Agency is expecting the prices to decrease by 5% by end of 2022. Personally, as a Realtor, I am seeing increasing in inventory, and the number of offers receiving on my listing has decreased drastically from the first quarter of 2021.

#lowinventory

#realtor

#sellersmarket

#rooparealtor