A Healthy Real Estate Market Disruption

... A Positive for Top Producing Agents

It's only when the tide goes out that you learn who has been swimming naked.” - Warren Buffett

Did you know that the current sales rate of residential properties is at the lows of March 2020 (COVID) and close to the lows of 2008-2009?

The number of sales have declined 36.9% compared to January 2022 and have fallen every month over the last twelve months. The reason sales have slowed is because 12 months ago the Federal Reserve started raising interest rates, and the years before that, the Federal Reserve lowered interest rates to boost economic activity through COVID.

So we are contrasting the greatest real estate boom ever with a rising interest rate environment back-to-back, creating a whip-saw effect in the marketplace.

Read the full article here.