New numbers show fewer buyers are applying for mortgages in North Carolina, and price growth is slowing down.
GREENSBORO, N.C. — If you’ve been priced out of this red-hot housing market, there’s finally some good news. There are signs the market is starting to cool down.
In the last six months, homes in Greensboro and in neighborhoods across the Triad have been selling faster than ever. At the peak of the housing crunch, a home would receive at least 10 offers within two days of being listed. The seller’s market forced buyers to pay tens of thousands above the asking price, some panicked buyers also waived home inspections and other contingencies to guarantee their offer was accepted.
Real estate expert, Ashauna Harris said the housing rush…