[2023-08-27] Rates Are Killing The Housing Market - A Visual Representation

Vermont Economic Realtor

Rates Are Killing The Housing Market - A Visual Representation

https://www.youtube.com/watch?v=SOKNZIZFjxw

Sunday, August 27, 2023

A look into different charts provided by Redfin outlining how rates are affecting the housing market, and a discussion about how to navigate the market as a buyer or seller.

Sources:

Housing Market Update: A Homebuyer on a $3,000 Budget Has Lost $71,000 in Purchasing Power Since Last Year As Mortgage Rates Hit 20-Year High

https://www.redfin.com/news/housing-market-update-high-mortgage-rates-buyers-lose-purchasing-power/

Housing Market Update: Low Demand + Lower Supply = High Prices

https://www.redfin.com/news/housing-market-update-low-demand-lower-supply-high-prices/

Licensed Realtor at Geri Reilly Real Estate

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