As we head into the final quarter of 2023, the U.S. housing market is undergoing a significant slowdown, with experts predicting the worst year for home sales since the housing bubble burst in 2008. While high mortgage rates and rising home prices are making homeownership increasingly unattainable for many, existing homeowners with low mortgage rates are enjoying significant equity gains. The result is a market of stark contrasts, pushing buyers and sellers to opposite ends.
However, not all experts are ringing alarm bells. Steven Thomas, a real estate expert, argues that the current state of the market should not be a cause for widespread panic. Find out the full story...