After being on fire for the last couple of years, the housing market across the United States is finally starting to cool down.
Various reports over the course of recent weeks have shown that record price growth and sales activity are finally starting to taper off.
The long-range outlook throughout the end of 2022 and into 2023 is that the housing market will continue to cool down, at least slightly, from its current state.
It’s not entirely unexpected – after all, exponential growth can’t continue forever. Even so, any shift in current conditions can be slightly unsettling, and whether you’re a buyer or a seller, it can bring peace of mind to feel prepared and know how best to react when the market changes to maximize the chances of reaching your real estate goals.