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4 Housing Truths Buyers and Sellers Are Struggling to Face

4 Housing Truths Buyers and Sellers Are Struggling to Face

It's been a wild couple of years for the housing market. According to data from the Federal Reserve Bank of St. Louis, the median sale price for an American home in Q2 2020 was $322,600, compared to $454,900 for Q3 2022. Meanwhile, we've seen mortgage rates fluctuate from a low of 2.66% for a 30-year fixed-rate mortgage at the end of 2020 to more than double that in 2022.