A Nation’s Pulse: The Cooling Housing Market
The US housing market, a behemoth influencing the national economy, is showing signs of a significant shift. For years, a frenzied pace characterized the market, with bidding wars, escalating prices, and limited inventory. Now, a cooling trend is evident, prompting both excitement and apprehension among buyers, sellers, and economists alike. While prices aren’t plummeting everywhere, a slowdown is undeniable, raising the crucial question: are we finally seeing price drops?
Interest Rates: The Major Catalyst
The primary driver behind this market cool-down is the Federal Reserve’s aggressive interest rate hikes. These increases directly impact
