Richard Stein – Realtor®, Douglas Elliman, GREEN, SFR, CBR, eCertified®

Local Agent, Worldwide Marketing – Douglas Elliman Real Estate formerly Prudential Douglas Elliman Real Estate

Buckle up, brokers: This could be the worst spring for home sales in years

Rising prices and interest rates, along with the new tax law, could slow demand

Springtime for home sales across the U.S. could end up being a pretty depressing season.

Increasing mortgage rates, a new tax law reducing homeownership incentives and exhaustion from first-time homebuyers getting priced out of the market could all contribute to extremely low demand for houses this spring, according to the Wall Street Journal. The volatility of the…..

Full story at THE REAL DEAL

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