Now, that the housing frenzy has slowed to a trickle as the home shortage has reached a six million home deficit and interest rates have risen above 6%. Such high rates have made people reluctant to buy with some mortgage payments practically doubling for the same properties in only a short time. They also make potential sellers wary and many are choosing to wait until the market stabilizes. For more moving trends, check out the below graphic.
Graphic created by New City Moving, a moving services provider.
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