Source: Realtor —
Home sellers have been in heaven these past couple of years, awash in bidding wars that have pushed property prices sky-high. But at long last, the tables are starting to turn.
In short, rising interest rates, rampant inflation, and the threat of recession are causing America’s red-hot seller’s market to level off as a growing number of buyers just give up. Real estate inventory is rising as homes linger on the market. Home sellers who’ve been wallowing in excess are no longer invulnerable, or able to subject buyers to their every whim.
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