Millennials are the key drivers of growth for the housing market, but many are delaying their purchasing plans to wait out a period of elevated inflation
Elevated mortgage rates are causing a growing number of buyers to put off home purchases, and that drop in demand is forcing some sellers to lower their asking prices
Buyer demand is softening, sellers are lowering their asking prices, and inventory is rising, but we may not be through the thick of a housing boom just yet
Housing inventory is on the rise after years of a costly nationwide deficit, but as long as demand continues to outpace supply, home prices will remain elevated