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“Interest rates have put the brakes on the market.”


by Calculated Risk on 11/03/2022 09:19:00 AM

Today, in the Calculated Risk Real Estate Newsletter: “Interest rates have put the brakes on the market.”

A brief excerpt:

Here are some interesting real estate agent comments from around the country courtesy of Eric Finnigan, VP at John Burns Real Estate Consulting:

#Sarasota, FL: “I’ve had numerous buyers looking but the prices are much higher than they want to spend. Many pulled back waiting for the market to go down.”

#NewYork: “Open house attendance is weaker than usual, and sales take longer.”

#OrangeCounty, CA: “Interest rates have put the brakes on the market.”

And here is some info on bidding wars from the survey:

If you are an agent, you can participate in this monthly survey … Burns Real Estate Agent Survey

There many more comments in the article. You can subscribe at

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