Here's what you need to know.
Home buyers are in bad shape after many individuals are cancelling their offers due to price increases in homes. This is hurting the house market in many ways.
Home buyers are losing hope in the market because of the high prices of homes and the high interest rates that are effecting it. This is very bad for the economy and for the house market. Many individuals are beginning to cancel their offers because of this.
Experts recommend that individuals wait some time in case there are price changes.