Source: Yahoo! News —
The housing market is cooling as consumers grow weary of higher mortgage rates. In December, the number of newly-listed homes sold had fallen about 37% from a year ago, according to Redfin data.
What are real estate professionals seeing on the ground?
Seana Smith of Yahoo Finance Live recently sat down with Kathy Casey, a Coldwell Banker residential brokerage realtor in Denver, Indianapolis-based Dan O’Brien, a realtor at Trueblood Real Estate, and Sir Ashley Harrison, real estate broker at the Harrison Group with Fathom Realty in Charlotte, North Carolina (video above).
The bottom line: a pronounced drop in consumer demand.
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