Home Markets 3 economists predict when competition in the housing market will decline

3 economists predict when competition in the housing market will decline

3

When will you see competition decrease in the housing market?


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Mortgage rates on 30-year fixed rate loans have climbed from about 3.5% earlier this year to upwards of 5.6%, and pros say they may go higher (see the lowest mortgage rates you can qualify for here). Home prices too have made a steady climb upwards, growing about 20% from March 2021 to March 2022, according to CoreLogic. 

That news, no doubt, is met with a groan among aspiring home buyers. But we do have some good news for you: There are signs that…

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