The Housing Market Moves Closer to a Correction

Prices are retreating from their historic highs, effecting us all, buyers and renters.

According to Consumer Affairs, “six months to a year ago, it was on fire,” Pratt told ConsumerAffairs. “There was no inventory, everything was selling off-market, there would be bidding wars. It’s not like that anymore, those days are gone. Right now, what’s happening is a nice, bright, updated home – especially if it has a pool – it still sells quickly for a good price. If a house is older, in need of some updates, it’ll sit a little bit longer, as it should.”

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