The same real estate market that has been declared on death’s doorstep countless times since the beginning of the pandemic that somehow powers on.If the consumer believes that we are in an undeniably rough spot but blue skies are ahead, they’re more inclined to come in off the sidelines.Article content
This is a rhythm we have seen time and time again since the rate hiking cycle began almost 18 months ago. When rates were on the rise, market activity fell precipitously. When it seemed the bank would hold and some stability had returned, buyers came flying out of the woodwork and in some places bidding wars even returned. Conditional pause ends, market goes dead.
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