Homebuyer Demand Slowing as Predicted

This is the softening that will allow some a greater chance to enter the real estate market. Homebuyer Demand is dropping below 2020 demand after the post COVID stagnation.

Higher rates increase the cost of ownership, not for those that are in a house with a fixed rate - but for those that were thinking about trading up and buying a bigger house (they might not be able to afford it at the higher rate) or trading down (new rates offset much of the gain they would have if they sell a house financed at 3% to buy a smaller one financed at 5.5%)...