Today sellers of houses in many regions of US have to offer additional stimulus for buyers, including trips to attractive places of the country, Bloomberg writes. Buyers get up to $100000 discount along with additional improvements in future houses.

Everything signals that at one time hot US real estate market continues cooling down as fast as interest rates grow.

Purchases of new homes show the slowest pace since December 2016. Sales of secondary owned houses fell six month in a row, which has not been observed since 2014. Stocks of homebuilders lost more than a third of its value. Of course, rising wages will improve the situation a little bit, especially on smaller and more affordable markets.

Aside growing interest rates, sellers are concerned about new tax rules capping tax deductions for mortgage interest and property tax, which hurt luxury real estate market. Besides, immigration restrictions make skilled workers nervous and postpone home purchase. At the same time strengthening dollar makes Miami properties less attractive for buyers from South America.