Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly survey. 

While homes are selling fast year-round, homes listed in the spring bring in the highest sale prices, according to the report

Investor activity showed early signs of slowing during Q4 of 2021, down from the historic highs seen in the second and third quarter, CoreLogic’s latest analysis reveals.

Report finds buyers are backing off from buying second homes, but what’s causing the turnaround?

Surging mortgage prices deterring more buyers

Our expectations and desires have shifted, with renters searching for more space. And, according to a new study from RentCafe, Miami is on the pricier side.

CoreLogic predicts price increases to slow by next spring in most areas, but the drop-off in South Florida is not as severe as some markets.

With fewer people putting their homes on the market, prices continue to skyrocket.

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.