One of the top real estate and mortgage analysts, The MBS Highway, surveyed over 3,000 mortgage and real estate professionals around the county for current housing market conditions.
The results were in line with what many experts are seeing, as mortgage rates and inventory are starting to impact the market.
The Survey
The national results for the July 2022 release showed that 66% of respondents reported their market was still active to very active. 33% saw moderate to significant pricing pressures.
Of those that said activity was slower, many cited that it was due to a lack of inventory.
Out in the west and southwest, things seem to be a bit slower, however. Those surveyed see the market slower or normal, versus rapidly expanding.
Many are still seeing multiple offers, but less than previously. Overall, demand is still outpacing supply, but to a lesser extent.
