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While some markets are currently experiencing discounts, those discounts stem from elevated prices that remain unaffordable for many. Thus, should you consider buying a home, particularly in competitive markets, engaging an experienced real estate agent can significantly bolster your position.
Conclusion
Navigating the current housing market requires a keen awareness of the ongoing trends and challenges. The combination of record-low pending home sales, rising interest rates, and increasing rental inventory paints a somber picture for potential buyers. By staying informed and adapting strategies accordingly, individuals can better position themselves for opportunities in a challenging environment.