While summer temperatures rise, the overheated real estate markets are cooling down.
Volatile stock markets, high inflation and large jumps in interest rates is creating uncertainty and caution and is directly affecting both affordability and purchasing power. On a positive note, there are glimmers that the aggressive actions by the Fed to temper inflation is having an effect. The fundamentals have not changed. There are still too few homes available to the amount of buyers who want to buy. Homes are still selling, some very fast.