Intro: Now, that housing market frenzy has slowed to a trickle as the housing shortage has reached a six million home deficit and interest rates have risen above 6%. Such high rates have made people reluctant to buy with some mortgage payments practically doubling for the same properties in only a short time. They also make potential sellers wary and many are choosing to wait until the market stabilizes. Want to learn more about the current state of the housing market? Check out the accompanying resource from New City Moving for further information.
Graphic created by New City Moving, small movers in Chicago.
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