By Chantal Allam
Source: The News and Observer
After two-plus years of plummeting inventory and sky-high home prices, the Triangle housing market may finally be settling down. Mortgage rates have more than doubled from the historic lows seen in 2021, resulting in slower home sales and double the number of active listings, said Matt Fowler, executive director of Triangle MLS, a real estate listings platform covering eight local counties. “The market is cooling off,” he told the N&O. “Showings per listing are down; internet searches and most other metrics are well off of 2022 levels.”
The plus side: Buyers… [More]
