"The housing market today is starting to normalize. The builders that have purchased multi-family and able to build land are now able to deliver. Interest rates being around 7% does not help, however. Rental rates continue to increase monthly as well. Paying for a property with higher interest rates is still a better deal," says Rogers Healy. "There is very little housing inventory so home buyers are turning to new construction," adds Daryl Fairweather.
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