Why Experts Think the Market's Shifting
Buyer fatigue
After more than a year of skyrocketing prices and increased competition, many out-of-breath buyers decided to stop offering above asking price.
Mortgage rates
For the last few years, mortgage rates remained at record lows—but they're now expected to keep increasing well into 2022.
Seasonal slowdown
Winter is traditionally the slowest season for real estate. Because we didn't have any slowdowns in 2020, this year's market change appears amplified.