Thinking of selling your home? So far, 2022 has been a good year to do so.
Why? Rising prices. Home values continue to increase throughout the country, meaning that sellers can nab a top price for their residences. At the same time, many cities are facing a low inventory of homes for sale. That can result in bidding wars from buyers desperate to find their new home.
But how long will this hot market last? There are already signs that rising inflation and interest rates might slow the demand for housing, which could make it more difficult to sell.
Kurt Grosse, a real estate agent with Realty ONE Group in Las Vegas, said that signs indicate that U.S. housing prices might have reached their peak. Las Vegas saw its first dip in housing prices in June since the start of the pandemic.
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