The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record.
And while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.
So what’s driving this persistent demand? And is there an end in sight? Here are three factors impacting the real estate market right now.