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The housing market slowdown, explained in 7 charts

September 5, 2022/

Red and white "Home for Sale, Price Reduced" sign in front of a stone, wood house that is for sale. Green grass and bushes indicate the spring or summer season. Front porch and windows in background. Real estate signs in residential neighborhood. Moving house, relocation concepts.

“What’s happening in the housing market right now looks really scary compared to where we’ve been,” Bachaud said. “But it’s important to remember that this is all to rebalance to get us back into a normal market.”

It’s becoming harder for buyers and renters to afford housing with steep mortgage rates and ultra-high prices.

By Madeleine Ngo


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