New Listings Lose Steam, Pending Sales Fall As Home Prices Hit Another Record High
Would-be sellers are pulling back as it becomes more clear the housing market is tilting in buyers’ favor in much of the country. New listings of U.S. homes for sale are up 2.5% from a year ago, the smallest increase in five months. On a local level, new listings are falling in 20 of the 50 most […]
Just 28% of Homes Are Selling Above Asking Price, The Lowest Springtime Level Since 2020
Pending home sales are down 1% year over year while new listings are still rising, giving buyers negotiating power. Just over 28% of U.S. homes are selling above the asking price, down from 32% a year earlier. That’s the lowest level for this time of year since 2020, when the start of the pandemic ground […]
Home sellers outnumber buyers by almost 500,000
U.S. Real Estate Market Update Hello, this is Richard Choi from New Jersey Real Estate. Recently, major U.S. news networks have been covering significant shifts in the real estate market. Home price growth has slowed considerably, and in some regions, prices are starting to decline. The number of homes for sale is also noticeably increasing. […]
