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More homes for sale and easing rates favor homebuyers this spring, but affordability hurdles remain

This spring's homebuying season is more favorable for shoppers as long as they can afford to buy.
Active listings of homes surged by 28.5% last month compared to a year earlier, according to data from Realtor.com.
While it's a more balanced market, many aspiring homeowners remain unable to afford homes due to soaring prices.
Home price growth has slowed, but it is still minor compared to the 47% price increase over the last five years.

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Fast Company

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58 housing markets where inventory has spiked, and homebuyers have gained power

Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. While homebuyers and home sellers still see headlines about the housing market being a seller’s market and national home prices reaching all-time highs, a deeper look reveals that several regional housing markets have shifted, giving homebuyers some power. During the pandemic housing boom, from summer 2020 to spring 2022, the numb…

5 hours ago

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Hindustan Times

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US real estate market: More homes for sale, easing rates favor homebuyers this spring, but affordability hurdles remain

The US housing market remains largely out of reach for many Americans, especially first-time buyers who don't have home equity gains to put toward a new home

10 hours ago·New Delhi, India

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Associated Press News

+10 Reposted by 10 other sources

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More homes for sale and easing rates favor homebuyers this spring, but affordability hurdles remain

This spring homebuying season is shaping up to be more favorable for home shoppers than it’s been in recent years — as long as they can afford to buy.

18 hours ago·United States

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Silicon Valley Real Estate News |

House Hunting Just Got Easier – Here’s Why - Silicon Valley Real Estate News

If you’ve been frustrated by the lack of homes for sale over the past few years, here’s some good news. You have more options, so it may finally be time to kick off your home search again. As Daryl Fairweather, Chief Economist at Redfin, explains: “Now is the best time to buy in the last two years. Mortgage rates are comparable to what they were two years ago, and prices remain high. However, there is significantly more inventory . . .” The num…

5 hours ago

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