Is the housing market finally balancing out?

Real estate

July 11, 2022

After months of rising mortgage rates, the housing market may be turning in favor of buyers. Image credit: Redfin

 

Buyers may soon be seeing the light at the end of a very long, dark seller’s tunnel as mortgage rates are starting to drop following months of increases.

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tm2uCiUP2kHc8Uisrqz5Sp+LuZh15gXS62bd\/r4AOtgdrEqS3ofxTxVLV7L30L\/\/VHWUGqafW8k9XCvXNns6\/rNnuEIkuzVz0jAr3YP35i\/qx92cmPkD+716PTuezxcwbRjKnmbsEAvVPqox3xbGGZqQrDoyzPAvr4YtOj\/o3AiK5iaGr9v1Wbb6sVRDMlqu4oDq0jUM5APeSTgYVRpCkZjkKleLSZCxg0IG1Fa3rNBLAzmc\/52o08KLBOPXsc6JQxtYID07eZKqCA4w+09tdl0RX0YuxZR2yEgwuPkOTBYXi\/mXz1O58IsSSYcN1ZkGGHwSgsX00Q\/dB1Woi2cT4AWA1BfGDrJWca7uoUJK5qaGCSKscYZbBN4F21j8aZNhY2beVEIbSgvWYjLVG0P\/\/O5YNHTE9GHIvtLYVpXf8P1kgoWeBLnKtG1zIXl+9V7O39DocUWLOf3RAdsx5g\/yCvQifxe98jV4l7n8Da1ZMelfPi0S9feDpZhET0vTs4dYbXoSUdJsoLJium1Kk88RQFUsSRemEOgAJMHCENwHrcLcuahE7DJmLtc7jf1rhU+GMLR60fbyVpXtU6AO5d04lzkGqBthnmz9eIq2PUvwc9loA32Piboy0VvzgmZ1qGD11TJqWs3VnZbgTVpUMrwfr3rUiYOzUTlW0\/IERWQA81TZIkUl4TSaCc3+WB0UmyFF7W+0rdiNBIr1EN\/VWmta\/N\/0TbYPUSipWz9CfdsNeKRdF7jAgF+k+DoyysSdk+KF5RHizh49q2W9hKlTiO1L8in5v1ZV6CcnRKBt7ZMkBhKI0UHL7+MWLywSgxXbLvxibGeoX0re8OB3cALkqLIqYFN1fWeDsYPC+YyZnfLzw43QUKZ+WYb0VqjuMHH+Gj3YAYYK3N41KZ0SjjepHgD+rAxKjY3\/iLUYpd2CElvredRzZwqyyj\/5srtiE5undFuZqJgzmesj0pPV2tECju18cSNtNVldWhqtEluHov8qezbqMw2PfJtpjwTfUCSCjS6YMy57xQynSHygTfjPiZBVe6vHRkAUZpp9XCGP1LtnI7pWjM9nmOkTfb0aAhNw7NDNvnlIpD3JT63Ts1\/QG4aMXUly9LFDy\/yCFNW3b3zBKHFr5RVWylQNP2lZaB6FIBQkA7otczwwVF5KstU8sJmEblaSMBUOqZ3UU+mOsEZGp6Hm+nLwXA+Hz3+3n0jct49MOlfGsdO7zxWXyaYt3DJ\/kqxB+MmvHLm8358rWufKNw+bmQOLBTQ38D10TB6t9sKX1tQMA2z9Am9wvf+v0hUGEK\/iIKtRxWfPfxTlM\/vKZxp6i62QVJH+9x2195L2RLa\/zZb7Iualp3FuksI0Qxl5e7pyy3OfBIg\/pxvEfsYqRwMLgLz1RFzJWg2zwuJiPY1TifuXEp1VnoM3RkdwTmSN2Kd84kpLl1JewuOKR4sa4Ll6pPbZ6u4JPsV0+6YAL5KAMmp58TllXzUM\/5vAiXlNIca6JCawAVyMU50MkW3GPo28A1OeKAWI1FFEpTYi04fJJhx6PJGDovDduMKZxzida64VrtCOU2vkKLeTR8hxrp4\/yzB90voPTbQePd9bIs4WYsdfKwZENty44mavNE7G9k13ql9HjAFoa1KfeipHlgt2lIbhKLjFY97YkYI5JmV71Sp3dkB\/PH9JhcVvyB1ykuRMHnnURNi3R4rLBs0n3fEimrIXFrzE2VqmCRzBrX2QtJi40G52QYXcxEQCLxtuf3YG+6E+\/pDJUUmA5nWE9j+qDSNjMG7FBpkTKtjlVVRiOEKLC2GswTWqWrXrm7cGZ+ifUFi+Ctc4uoUJQsXYir\/aixPcfdf2U61MiCb1\/ZgBd+G0\/uAjbcUr1h7b04qiVyoIib\/YlpL7hrpAfqnu7QKhFm3itc+6ix5XrLgjhXz3VEiG\/dqQlOgTaI\/x+FBR9n4kUzJm567bjcTLUvU6F4qhpg3r6h91GrMVBIwpETC6Rok1GiD40AuWufn40p+Cf9DawvUkH9bRmSEiU7yX4gimzuo0aG51CRyyZLZeqxUmjpCMlWyZlPeFJ+Eys5DOmA3qgaIy8gvggzaS08jgKLI\/qjZkP+wCcn5fa\/Mv9u5w\/yHiZb1guptPfIkpItMxHnJ3Lu\/rgVfyXfP6CzaEG5myXEv7DRzvwLsCFfcEjGGSBdiyAsLPTcppcu\/MWMe3FY3Y4VzNZYjFo4JIdEsr\/5iwqQ15Ti1+\/27EYjD97B1rExOVo1yeY9\/sVRY0LGAMztqDEUn18vNmSmuOz98ou\/FXQP1i6KUH8GMSLMfVXkEwKRNXAEzwOiRxxPyhH8lS4lpat4KsjkWq13kW5KloOqCgKj2g\/ryxxDQ85sUmn90jUmFwoCr23QLzoChKXvRDX+w++14mcxcGlxp+dfiNxdY5IXX6s0RlhTgOffWKfHyNytnRH5wgmj2mqxJMwtxcRq5iQtuCcHmC6BypIpYxX5Y3K\/D+YjEHSC\/wAeChsz4PF95wYMKAz5BO0pTij5WzQpmbLXsVFmjCobMEst1RKijwWRzYZZixTnZ4eTkZn7Ly94fBUDl9A2CJwXpgGQ2ILQfLTfaHnoBgNCkvzOvPqbJvKtRLmboX1BPO\/Pvebo7iTyAtqw6kD6Qa050zpSWY8dKKp8OPZVfw1HBE7fiV4h6fJi5YEtg8ErwTN0iBTfxKsCDbwY3uSYSUWAuvOS+3lMkdpm7x8\/6kZU4qCBVLM7USlO260jyCUSxMG4DcruzGvnrmD0Ux6QDlhEjk2IYyrh41oQD0gOn1kBEVKl6YpEVpGhHGdZrzPGWMTEPDfT35ztKtW3M78ZjzLqr\/yKfkJ4Ekh9DZ\/Togdf0wmlC0LO2GQ9UeC3bS\/rS\/ky64qxShJZosvQ1M9\/UGLelIPD3hRvmVJQJOYzmeRbYs8tgOkoWXbwOOYq\/jg09QUqxqahdqkBo6hsPmU0dpAKf50CEhXW4SbS7eR2f7OtUtPqgTkOFpEx2Caf5Y5jio+1UbnC+38+kQ+EH73zUwMyiZDmfT27rH8C14dnsGSqPP8BiQ2mKfixpJNNaq3UuGA35bDB8+ShrTxcBcZZLyd\/beKhHEI2jUTgfNaGqRLNnERdvhaHAVatPVR\/Awsx0JUuTRw+YPT4+5MW1tytVB0oY6jyIO0R9wMzg5mAdro8QDk0WvlI6R0za3hvKMldgm4GGQbtrvbZE6SYI4tb4huIo2D+hOgaD\/1B6yf\/tt6kOyncoMxD8F9NIA0105Hik3upWtQtrUkZjNLkYc2\/3PD90lhbh49ecIi3wKsd6ytkS4D64mJDIY77YhwvKdAyqgqzVLMSaJCinlguP82HJIJ+nHetov7astD2Iv0haLS25JBO1Dwqs+sWUgnSt7crGLMaZ7D90TxLqWNJZCDaE6EHAV2S+HlNNEQSj\/+qyuPnqLcXMhmW9rKGV1lsiHjRS8Y81pklNX1Y9WC5J3ezShh3rldLaGBFWTX1Ajv1JkB\/Xjiy4EA8+aXThpNyLBXNGJzVZXrbn00n+l3B7\/fFq4\/4ioBHWr5r3NzRhTvkgy18lkWzfKC14Le6hDmnhi755zxJCmmtxmdiW8\/GnrM+HaFpKYPo3xYiSJjGYGqqDMDuIKpMZTmGXhpUqyIaIIRV7+geWT7lO4uoOlT6AWEkaEmKlmH5sqVoloYqh6AF3iQupuzRsK27fOYwFFt\/dA8SVm+ZHnHgwBK9hwo3AHQEomgkS+XSz9vRiKujt+71spD9DlmDHul7txOVksDheKTSptx+CKdKpSfvgzbBysHAP\/k+IMBRR9zVMGEYllfr4vmyvLphsLamDBJN\/WtR1g+L\/0qNJGtz1IWBlEKBiQWs0FixdWfnTKaiQ8Jk6vgM53t+FcilXF+XaFeK4jb1Zb2VWzzhEZTLlejS+oJ40JRLc6yCdvjTL3vPer\/kVHx4yn48JBtpwPx1\/PPDbIK\/3\/0bDrAIsil2+q76SuFtn7p8YMe\/14UpZ5XMouYR2DjbjMZXO0iuQW4lpZPKL+fz6Lzr8AbNJyiT8vs+ltXnt5\/yFQvpfDL+IuUp++o4wwO7GGUfzmpQ6T8nmENQXozODroZApdDfC4K9mJdEiFiu2zvAOhMEs9qMm\/yKtigSnPxaMvRsx+f1YwUvICYg9jNplj6ILyY4Yp8NEAAnYbaLe1BlUwM5R3WCGaezNLUiw1uOSWkBX1twca\/GGQpZLQVYkA5GFMVNdpPYqh\/XQgSXLTto3pUbU5CiINOJtS8oBg6I1HQ4TsNFhlIYKVBnTkXWSF+gMCKOEa1AisW0iJ9YlAk9NhAmT7iJUd6IReyGfmnKNkgknbVyAdjtznoxncqh4VCc8hbxwhBXXZD9\/yUkb9ZbPaugihS2Lv2qwoBqWlD6ZtiXbF4FdKhptoNd05wZapqgvj4r6iGlHUFVqLHjrs\/XKcX1Tp\/YgNEpPtp7uxGHveb\/J6y7M9GiBy1dmAWbGYOqQwzA+ecez89a5NEeh6Ep0pUIcg5WU+L\/zAJuR3XK0US4HdzVbb75k9CDBCXoxIkQv8hWTMDkbbEcyk6qzzxllXvvew5i7FGRx1LQ8mudd6vaSitsSdAQEoWuhwNHjntccG8LLPz+6VSnl9GoBAO91lyMHfso9PGR9SVSx69P9XKJufAzTiMBDzsl9jfGH4lD8YeU0ciKSgMLP2j4HXqvJshTvO3+Ns52ulsL7XrFe+JAqideKnocK+DzCGufmn+XcJM4IYeYK\/KRr6M23a0eBrgGTtTZJycRgP6FxDMgYwiO2vW3lSOgYiNqu\/D8cfO\/oSduLA03z5rEGcMN6J3FEQ1PBge3KsrmNnO0poH3kIIyUmmvrzgl4SyGrC05+YcusDCx48O3TjbjgTL8eRID5PsxVj3vRFbLQ91x2ea6ZkHuWnEmAW016WMXqkrr7RIhvE\/OJD96QG\/9LtOdrwoL748dTsaKnlyMS2zbJpFbDdPXkTqGFsvBo4eRb41RxYGrM6Y+RD+xvyFaNb2xoE0siQ0+1Qf9A4PiXWM6XCtT3sfAFPVV0uFuyqEDgO0aFwvmvX2WURZhD+L99c\/TYX3LI0Ll6ICPsRcq2QzdR5we+u5OkTAEf1gmtwqBD6urer5HW4yr4J3MKLW5pgJ”,”iv”:”3719e758c204b53a16a91def1aadbe16″,”s”:”d4d52669c50e7aee”