The homebuying pandemic got here to a halt when the US Federal Reserve raised rates of interest final June. Charges have since doubled, remaining firmly above 6%. The housing sector has recovered a bit since residence gross sales fell, but it surely now faces a scarcity of properties on the market, sending the market right into a bidding frenzy as soon as once more.
It is a basically totally different market, Bess Friedman, CEO of Brown Harris Stevens, advised MarketWatch on Barron’s Dwell.
“Housing…
