Over the past year, the housing market has seen high demand from buyers, fewer homes for sale, and higher prices. As the Federal Reserve raises interest rates, what impact will it have on home sales?

In Pennsylvania, 12,759 homes were sold from June of 2021 to last month; more than 33,000 were for sale, the houses for sale and sold were on the market for a median of 20 days and 53% of homes sold above list price.

New Cumberland is one of the hottest locations for homes sales in the country while Camp Hill, Ephrata and Mechanicsburg are all in Pennsylvania’s most competitive markets.

Friday’s Smart Talk zeroes in on the housing market with Christopher Beadling, President of the Pennsylvania Association of Realtors and Elle Hale, President of the Realtors Association of York and Adams Counties.

Support WITF: https://www.witf.org/support/give-now/

See omnystudio.com/listener for privacy information.