I have a friend who works as a realtor and she says that the market is definitely starting to cool off. There are less "mid-range" buyers and more low-end buyer

I have a friend who works as a realtor and she says that the market is definitely starting to cool off. There are less "mid-range" buyers and more low-end buyers because the prices have risen too much and interest rates are reducing the amount people can borrow. End result is previously a buyer was a mid-range buyers but now they are low-end buyer because the bank is not willing to lend as much anymore. Also there is data from CAR which shows both sales price and sales rate is declining. Inventory should start to build up going forward as home sit on the market longer. https://www.car.org/en/marketdata/data/countysalesactivity https://www.car.org/en/marketdata/data/countysalesactivity