🏡 Housing Market Update: More Sellers Than Buyers
In the current real estate landscape, there's a notable shift: the number of homes for sale has increased significantly, surpassing the number of active buyers by approximately 500,000.
Key Highlights:
Increased Inventory: More homeowners are listing their properties, leading to a surplus in available homes on the market.
Buyer Hesitation: Potential buyers are showing caution, possibly due to economic uncertainties or waiting for more favorable conditions.
Market Implications: This imbalance can lead to longer selling times and may pressure sellers to adjust prices or offer incentives to attract buyers.
What This Means for You:
If you're considering buying a home, the current market conditions might offer more options and negotiating power. For sellers, it's essential to be strategic with pricing and presentation to stand out in a more crowded market.
Source: BiggerPockets
This is not a commitment to lend. Loan approval is subject to credit, underwriting, and property approval. Rates and terms subject to change without notice. Additional conditions and restrictions may apply. Contact us for details.