We will see more new construction homes being placed on MLS.

by | Nov 4, 2022 | Forecast

Existing homes should flatten, overall inventories will go up. Sales will diminish, and it’ll take longer to sell. I was fooled by the Federal Reserve, I didn’t believe they were willing to drive the economy into a recession to stop inflation, but they are. Unfortunately, prices for homes will drop nationally, and in The Sioux Empire as well, depending on the price range. Mortgage rates will continue to go up, lenders will get creative with programs to help buyers with monthly payments.