Buyers gain leverage as housing market cools

Buyers gain leverage as housing market cools

KEY TAKEAWAYS: Rising inventory gives buyers more negotiating power Sellers cut prices as homes linger on market Median U.S. listing price at $439,450 in July Metro areas like Austin, Miami, Denver see declines Skyrocketing housing values and a shortage of homes on the market gave homeowners the upper hand for years when it came time to sell. That’s no longer a given. Across the country, it’s getting tougher for sellers to drive a hard bar…

Scarce Buyer’s Markets Still Offer the American Dream for Some - The MortgagePoint

While home affordability and supply remain a hurdle for many Americans, the U.S. housing market reached a "rare state of balance" this summer, according to Realtor.com’s August monthly housing report.

Mortgage Rates Hit 15-Month Low at 6.29% as Homes.com Reports Housing Market Shift to Buyers

U.S. median home price reached $389,000 in August, up 2.4% YoY but below June's $395K peak. Market shows cooling signs with 3.5% YTD growth vs 7% in 2024. Midwest leads gains while South sees declines.