Balanced US Real Estate market
- Seattle, Portland, San Francisco
- 2022/10/03
Avg 30-year fixed mortgage interest rates ↑ from 3.2% to 6.38% until Q2 2022. Currently 210 of the top 400 housing markets in the US are overvalued by > 25%. The Fed's interest rate hike is supposed to give housing industry a reset, yet brings uncertainty. Also, housing inventory will remain tight in the coming months or even years.
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