The pandemic home-buying frenzy got here to a screeching halt when the U.S. Federal Reserve raised rates of interest final June. Charges have since doubled, remaining firmly above 6%. After dwelling gross sales plunged, the housing sector has recovered considerably, however it’s now dealing with a scarcity of houses on the market, main the market right into a bidding frenzy as soon as once more.
It’s basically a unique market, Bess Freedman, CEO of Brown Harris Stevens, instructed MarketWatch in an episode of Barron’s Stay.
“Housing…
