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WESTPORT MA REAL ESTATE MARKET IS THERE A SHIFT?
By Karen Martin posted May 9, 2022

Westport MA Real Estate market is there a shift?

Many economists are forecasting a real estate market that’s cooling off. Some indicators, when taken together, might point to the validity of the prediction. Knowing what may happen can help you better prepare yourself.

THE FACTS
Existing and pending home sales have dropped - NAR
Monthly mortgage payments have risen by 28% from a year ago - Home Buying Institute
73% of respondents said now is not a good time to buy - Fannie Mae
Affordability is the lowest in 15 years - Black Knight
Interest rates are expected to rise again in 2022 - Reuters
73% think the economy is going in the wrong direction - Fannie Mae
Yes, inventory is still at record lows, click on Learn More