Posts from March 15th, 2023

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The Two Big Issues the Housing Market is Facing Right Now

March 15th, 2023 by Jonathan R. Krause, President

The biggest challenge the housing market's facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today's low supply:

"Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy."

Let's break down these two big issues in today's housing market.

Rate-Locked Homeowners

According to the Federal Housing Finance Agency (FHFA), the

Click Here to Read More...

Categories: Real Estate News

Tags: northern illinois, real estate, Rockford Real Estate, Homes in Rockford

Posts from March 15th, 2023

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The Two Big Issues the Housing Market is Facing Right Now

Rate-Locked Homeowners

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