July is typically a hot month for home sales but rising interest rates and fears of inflation and an economic slowdown threw cold water over the Baltimore region’s once-scorching housing market. Fewer homes sold last month than in any July since 2014, according to data released Thursday by the real estate company Bright MLS. The number of new listings is dropping, while the number of active listings is growing, indicating that the frenetic pace of homebuying that occurred during the coronavirus pandemic has ended.
Rising mortgage rates splash cold water on Baltimore’s once-hot housing market
August 12, 2022