Buyers and sellers play leapfrog as housing market cools
Buyers and sellers play leapfrog as housing market cools
As mortgage interest rates and inflation rise, the housing market has started to cool.
And since it takes a while for this new reality to sink in, buyers and sellers quickly find themselves playing a giant game of leapfrog.
How they react to decreased demand, changing home values and rising inventory depends on the individual buyer or seller.
For instance, take the sellers who don’t need to move…