Is the housing market getting back to normal?

Abstract

Bidding wars have calmed down, and the number of properties selling below the original list price is starting to approach normal levels. The number of pending contracts is down in most counties by about 25% or slightly more. A sharp change in mortgage rates is driving a wider gap between supply and demand, which is changing the housing temperature. We need time and objectivity to see the long-term trend. It's not to be to see. The main issue is to continue to see a long- term trend. There is still some shock happening. There are still someShock happening. It’s taking more than a weekend to sell. I hope to roll out some new stuff soon. I actually had big plans today, but that didn’t pan out. But that didn't pan out, but I’ve seen a blatant shift to more buyers struggling to afford higher prices. The good news is that it’'s been corrected.