“Weakening home price growth for the past 12 months is increasing the odds that we may not see a new home price peak this year, for the first time in the history of our listing data, which dates back to mid-2016, and this is likely welcome news to homeshoppers," said Danielle Hale, Chief Economist for Realtor.com.
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Homebuyers Are Becoming More Selective
“Buyers today are way more demanding and selective. They’re willing to wait to find the perfect house, which wasn’t the case during the pandemic homebuying boom,” said Elena Fleck, a Redfin real estate agent in Palm Beach, Florida.
Read More »More Homeowners Dropping Selling Prices
Price drops are a common feature of a cooling housing market, as home sellers contend with apprehensive buyers amid rising rates and a looming recession.
Read More »Going, Going … Not Really Gone
What factors are affecting home listings, especially in some of the hottest housing markets? Here’s what a study found.
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