Peter Mohylsky, Beach Expert, Call me at 850-517-7098 (PMI. Destin)

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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I wouldn't say there is one biggest factor, and they impact in different ways. I'm in the North San Diego area. Certainly all these are affecting buyers, and sellers, depending on their personal situation.

Sep 13, 2023 08:21 PM
Roy Kelley
Retired - Gaithersburg, MD

All of the above plus high real estate taxes. Thousands of apartments are being built to accommodate the housing demands.

Sep 14, 2023 04:04 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
NC Real Estate Transition & Relocation 919-602-848

I'm in the Raleigh / Cary, Durham & Chapel Hill areas aka The NC Triangle. I would say all of the above except insurance rates. We're one of the fastest growing areas in the US. The Triangle has a population of about 2m and is expected to grow by another million by 2050. 

1. The high interest rates are impacting first time homebuyers and making people in existing homes not want to move from their current home.

2. The lack of inventory is ongoing. It is partially due to high interest rates and partially due to growth.

3. Rising home prices coupled with rising interest rates is making it difficult for first time homebuyers and move up buyers. We're going to see property taxes adjust in the next year or two depending on county and that's just going to add to the problem.

4. The growth and higher home prices is making it difficult to get service workers. While restaurants seem to have rebounded, they're still struggling with staff. The service industry traditionally has a high turnover and now it seems to be worse.


Sep 14, 2023 05:30 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Chicago - lack of a responsible local government causing many to vote with their feet. 

Sep 14, 2023 04:42 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I would say lack of inventory

Sep 14, 2023 04:38 AM
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

High interest rates and high home prices. I am retired but still working with my clients referring them to my partner to do the deal. Kelowna BC Canada.

Sep 13, 2023 07:18 PM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Definitely lack of inventory, since there's a high percentage of cash buyers.

Sep 13, 2023 06:46 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Lack of inventory... people are figuring out ways to overcome higher rates and home prices... they just can't find inventory. Rising insurance rates don't seem to enter the conversation.

Sep 14, 2023 05:24 AM
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, PA, VA, GA and FL.

5. Cost of building a new home. 

Sep 14, 2023 04:21 AM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I'm in Santa Clarita, California located 32 miles north of Los Angeles best known for Six Flags Magic Mountain.  Lack of inventory is a major factor but interest rates have stagnated our market.

Sep 13, 2023 06:53 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

I am here in Minot ND because I am familiar with it Peter Mohylsky, Beach Expert . The truth is that while I hate our winters I LOVE everything else about North Dakota... especially the people.

Sep 14, 2023 06:28 AM
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, SFR®, e-PRO®, GRI, AHWD, REALTOR®

Peter Mohylsky, Beach Expert,

I am located in Lake County Florida, very familiar with the surrounding counties. #1 would be the high price of homes, if the prices were not so high, then the interest rates would not be much of an issue. Consumers got used to the 2%, 3% and now at 7% with a high price of home, it most definitely keeps them out of buying. The inventory is there, but I have seen properties expired that were not worth the price they were selling for. I am hoping the market will balance. Insurance and properties taxes are on the rise, it is a big factor here in Lake County.

New Listing (47)
Price Increase (14)
Price Decrease (52)
Back On Market (12)
Sold (32)
Expired (3)
Leased (0)
Pending (41)
Temporarily Off-Market (5)
Withdrawn (0)
Canceled (10)
Sep 14, 2023 05:42 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

5. Economic uncertainty. 

Look on the map where CA, NV and AZ come together at a point and there I am.

Sep 14, 2023 05:19 AM
Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

I think high interest rates are the biggest factor.  They affect everything else.

I was in the Elk Grove, CA area and now reside in Goodyear, AZ.  Really, though, I am not working.  This period of time is more like an unpaid sabbatical.  😃

Sep 14, 2023 08:11 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

Our market is brisk but definitely a sellers' market and way to few homes for sale. I am in Fremont, Ca.,in the S. F. East Bay between Oakland and San Jose.

Intertest rates contribute to the refusal of sellers to sell and re-buy leading to fewer homes on the market. Interest rates are keeping some buyers on the sidelines.

Sep 14, 2023 06:22 AM
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Lack of inventory in Connecticut.

Sep 14, 2023 07:00 AM
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!



I'm in NY's Capital Region

Sep 14, 2023 05:57 AM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Why focus on problems, use your energy to focus on Opportunities, they are all over this great country, not just in Wisconsin.

Sep 13, 2023 06:47 PM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

San Jose, CA. 

YES to all. 

And I will add people are leaving the state for a laundry list of reasons, largely political. 

Sep 14, 2023 09:39 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Inventory and rates are affecting the market, insurance hasn't come up, and our prices are increasing only slightly now.

Sep 14, 2023 07:39 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

High interest and insurance rates is a serious negative.

Sep 14, 2023 05:58 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Here in Charlotte, we are not faced with the rising insurance rates as you are on the coast, Peter. Otherwise, the other 3 all play a part in the market - they always do, one way or another (in any market). 

I'd love to see more inventory but, what we are finding here in Charlotte is that sellers who would consider selling and have a 3% interest rate, are not willing to trade that for a rate that is more than double what they are paying now.

In the meantime, prices continue to rise due to the low inventory. 

Sep 15, 2023 01:06 PM
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

Biggest factor to what? There's a big leap implied there so I'll interpret how I see your question...

The 2 best times to plant a tree - 20 years ago or today. 
A friend at 40 said she wanted to become a lawyer but was bummed out that she'd be 50 before she could be a lawyer at the pace night school and online would take. I told her "Well you can turn 50 regardless. Or you can turn 50 as a lawyer...which sounds better?"

I agree with Jeff Dowler, CRS - each individual will see one, all or  essentially none of those are a big factors.

The bottom line is deals are closing daily here from North to South and East to West San Diego; I'll be closing 3 escrows this month too.
The market is just The Market. Only people living in the past are fearful and hung up on some fantasy of the future are frozen. The folks living in the present are doing what they need to do today for a better tomrrow.

Sep 14, 2023 05:16 PM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

All of the above I would say.


Sep 14, 2023 10:18 AM
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Others may be moaning and bitching about Chicagoland real estate, and yet people are clamoring for more and more inventory, they can't get enough of it.  I could sell three of every listing I bring on the market, so I don't know where all the local naysayers are coming from.

You go ahead and vote with your feet, but let me know when you're vacating so I can bring a buyer to fill your vacancy.

Sure, interest rates are high, prices are soaring, inventory is low... but people are lined up to purchase.  Biggest factor?  I dunno, I'm too busy writing up contracts, conducting inspections, attending closings to worry about it.  Y'all let me know when you figure it out.

Sep 16, 2023 04:22 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

1. Lack of Affordable Housing 2. Interest Rates

Sep 15, 2023 04:25 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Inflation in every aspect of life and ridiculously high taxes.
Central Washington State.

Sep 14, 2023 03:01 PM
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I cover SE Wisconsin (Kenosha, Racine, Walworth and some of Milwaukee counties) since 1994 and I would have to say all of the above.  But it seems the most prevalent is lack of inventory, then high interest rates.  High prices and increased insurance costs are a definite 3rd and 4th.

Sep 14, 2023 11:17 AM
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

4, 1, 3, 2 in my area, I'm east of Sacramento in Fair Oaks, CA


Interest rates are keeping many people in their homes, so I think if #1 was resolved, #2 would also be resolved as more people would sell and move.  

The insurance fiasco is out of control in California, but #4 is a real problem - not today's rising prices, but catching up from 2020-2021.  Wages haven't kept up, and the % of income people have to put toward their mortgage today is scary and limits savings, making financial security hard to come by.

Sep 14, 2023 08:59 AM
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

lack of inventory on Lake Sinclair where there are a lot of STR investments and second homes.

Sep 16, 2023 01:28 PM
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

Pretty lucky in rural Maine. People are paying cash, not financing homes. Building like crazy and cheap lumber (91% of Maine is forest) plus Canadian import easy on border location with 1.35 dollar stronger than loonie dollar. Cheaper real estate, lower cost home insurance in 4th lowest crime state. 

The least expensive state for full coverage auto insurance is Maine, at roughly $589, 53.4% below the national average

state of maine

Sep 16, 2023 09:34 AM