Since the beginning of the year, the US economy has been cooling off. After several years of strong growth, rising inflation and energy costs are affecting US households in ways not seen since the 1970s. For those who are actively involved in the buying or selling of real estate, there is confusion and fear about how the economic slowdown will affect their options.
George Ratiu is a senior economist for research with Realtor.com and in arecent article, he outlined his predictions for the second half of 2022 USHousing Market.
While inflation and rising interest rates are affecting the US economy, home buyers and sellers should still expect the second half of 2022 to be a good market to make a move. The slower pace should also allow them to carefully consider offers, and make good decisions for their future
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