November 2022 Luxury Real Estate Market Report
Fewer home sold in the month of November 2022 as compared the previous month, but some of that can be traced to the holiday season as well as colder weather. Fewer homes sell during the colder months of the year. Homes are sitting on the market for longer as well as buyers step back due to higher interest rates.
Housing Bubble Starting to Deflate - Various markets around the US are starting to soften as homebuyers decide it is to expensive to buy based on current mortgage rates.