The Latest on Supply and Demand in Housing

Written by Condotel Financing Florida Syndicated User on October 19, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Housing Market Updates, Mortgage, Move-Up Buyers.

Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand)...