A recent survey from Clever found 58% of Gen Z buyers are actually rooting for a crash, just so homeownership feels within reach.

So, what do the forecasts actually say?

Higher mortgage rates don't just affect buyers. They can change what it takes to sell your house, too.

That's because today's buyers are paying close attention to affordability. And when rates rise, even a relatively small change can make a noticeable difference in their monthly payment. So, they're looking for ways to make the numbers work.

As we head toward fall and eventually into South Florida’s seasonal market, inventory will be the number we're watching most closely. If more sellers come to market, buyers may regain some choices. If they don’t, and demand continues at its current pace, we could be looking at a considerably tighter market heading into our high season.

Times are changing in the real estate business. The Department of Justice investigation and the settlement of a class action lawsuit against the National Association of Realtors (NAR) and many large real estate brokerage firms have resulted in changes coming for Sellers, Buyers and Real Estate Agents in how they sell and purchase homes.