DN Journal Sales Report: Sept. 5 - Sept. 18, 2022

Digital Pandit

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The past couple of weeks have been interesting ones with some competing forces at play that may affect how well the domain aftermarket performs for the rest of this year. Today (September 21) the U.S. Federal Reserve hiked the interest rate by three-quarters of a point for the third consecutive month (other governments around the world are taking similar steps in an effort to fight inflation). These increases have pushed mortgage rates to levels not seen since 2008 and, as expected, is slowing the pace of home sales dramatically in most markets.

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