Tag Archives: Price Cuts

According to HouseCanary's latest Market Pulse report, net new listing volume continues to trail behind contract volume, putting further downward pressure on housing inventory and dampening market activity nationwide.

This number is just above recorded lows set in January 2023.

“The collapse of three banks in March coupled with additional rate hikes from the Fed could have significant implications for mortgage rates heading into the spring buying season,” said Jeremy Sicklick.

A new study from Redfin revealed Americans are now hesitant to sell their homes as mortgage costs soar, due to many having low interest rates locked in amid nationwide inflation and ongoing economic uncertainty.

Home price cuts have increased across the country, influence partly by a slowing inventory shortage. What influence has the inventory shortage had on the market?