Short-term rentals, inflation and rising interest rates all had an impact on Summit County's real estate market in the first quarter of 2022

Short-term rentals, inflation and rising interest rates all had an impact on Summit County's real estate market in the first quarter of 2022

Short-term rentals, inflation and rising interest rates all had an impact on Summit County’s real estate market in the first quarter of 2022 Real estate agents say both inflation and a rise in interest rates are affecting local buyers the most When real estate agents are gauging how strong Summit County’s market will perform that year, they typically won’t base their predictions on the first quarter of the year. Many agents point to the all of the properties that are still being used by owners for the ski season as reason for why there aren’t as many transactions this quarter compared to other quarters. In the summer months and fall months — the busy seasons for many agents — there could be a few hundred transactions within a 30-day timespan. …
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