Housing market cools off as mortgage rates rise

Between economic uncertainty and booming interest rates, the once red-hot housing market is starting to cool off.

Buying a home during the pandemic was extremely competitive as a combination of low mortgage rates, low inventory and high demand caused prices to spike — especially in Florida.

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It’s a completely different environment today, though. Inventory is up by more than 100% year-over-year, according to data from the Orlando Regional Realtor Association, while mortgage rates are

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