After an amazing multiyear run of record-breaking sales figures and home-price growth, the nation’s housing markets in the last few months began to show signs of change. Interest rates on long-term mortgages have steadily increased and many markets have reported significant increases in home inventory levels, causing a shift from a seller’s market to a buyer’s market.
Inman News caught up with Larry Knapp, president of Northern California-based Alain Pinel Realtors, to get his take on what’s happening in the company’s markets, as well as what he’s predicting for 2006 and how sales agents can prepare.
Click the “play button” to watch the film.
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