The number one question we get right now from buyers and sellers alike is "what's happening in the market in the coming months". Sellers are nervous about waiting and missing out. Buyers are nervous about buying high and the market cooling off.
Well the market is going to cool off, but when I say that I mean price growth is going to slow down to much closer to normal than it has been in the last 2 years. It doesn't mean we expect a crash, we absolutely don't. It just means inventory will increase and start to level out with buyer demand.
It's probably going to take 3 years for things to level back out to a balanced market. In that time the interest rates are going to go up which reduces buying power.
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