Warren Buffett's Berkshire Hathaway shares bold housing market insight
Homebuyers may have advantages, even in slow housing markets.
After the Covid housing market boom —fueled by exceptionally low mortgage rates and competitive deals— mortgage rates began to surge. Rates doubled from 3.5% in January to 7% in November 2022, dampening years of strong housing activity.
Housing sentiment has declined for the past several years and has yet to return to previous levels.
