Signs are emerging that the once-hot housing market may finally be cooling down.
Bidding wars are down, sellers are cutting listing prices, and buyers have headed for the exits as higher mortgage rates put them over budget.
But experts don’t expect the downturn to be nearly as rough as the housing crash that preceded the Great Recession.
“The housing market appears to be at a turning point,” Doug Duncan, senior vice president and chief economist at Fannie Mae, told Yahoo Money. “Right…
Source link
