I agree with this article wholeheartedly.  I have seen fewer refinance orders as well as purchases. Right now current sellers (potential) are holding off in hopes of getting more money. There is a lack of inventory in the pre-owned market that is driving up prices coupled with rising interest rates and buyers have less money to buy a home. Normally this time of year there is a recovery heading into the late spring and early summer months but orders are staying flat.

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