{"id":104248,"date":"2023-07-14T17:02:23","date_gmt":"2023-07-14T16:02:23","guid":{"rendered":"https:\/\/lisney.com\/?p=104248"},"modified":"2023-09-14T17:02:46","modified_gmt":"2023-09-14T16:02:46","slug":"residential-market-update-q2-2023","status":"publish","type":"post","link":"https:\/\/lisney.com\/residential-market-update-q2-2023\/","title":{"rendered":"Residential Market Update Q2 2023"},"content":{"rendered":"
As outlined in our previous reports, in mid-summer 2022 the existing home market swiftly pivoted and what had been a sellers\u2019 market became more of a power-share. This continued to be the case in Q2 2023. Global geopolitical and macroeconomic factors are the main causes of the adjustment in market dynamics; most notably the war in Ukraine, rapid rises in the cost of living (especially energy), interest rate hikes for the first time since 2011, and less disposable income.<\/p>\n