These 8 U.S. Cities Could Soon Become Buyer’s Markets. Here’s Where House Hunters May Have More Leverage

These 8 U.S. cities could soon become buyer’s markets. Here’s where house hunters may have more leverage

It’s a good time to be house hunting in the South, as home buyers currently have the upper hand in many major areas—and could soon have more leverage in several more cities. The U.S. housing market ticked further in favor of buyers in the third quarter, as about two-thirds of major metro areas currently favor buyers or are moving in that direction, according to a report released Monday by Realtor.com. Even though home buyers are gaining the nego…

Rates Above 7% Shrink Buyer Budgets In Loosening Housing Market

Buyers have more room to negotiate a home purchase, but less borrowing power to bring to the table.The average 30-year fixed rate rose from 6.66% in late August to 7.40% in early October, reducing the loan amount supported by a fixed monthly principal-and-interest budget by about 7.2%. That financing squeeze accompanies a housing market increasingly tilted toward buyers, according to Realtor.com’s latest Market Clock report, released Oct. 19.

The 7% Mortgage Rate Paradox: Buyers Gain Leverage but Lose $22K in Purchasing Power

As mortgage rates topping 7% slash buyers’ purchasing power, mounting inventory is shifting the national housing market in their favor.http://dlvr.it/TVz8MR

Buyers Gain Negotiating Power, but Higher Rates Erase $22,000 in Homebuying Budget

Realtor.com's October 19 Market Clock report finds more metros shifting toward buyers, while higher mortgage rates cut a fixed-budget buyer's purchasing power by over $22,000. Continue Reading Buyers Gain Negotiating Power, but Higher Rates Erase $22,000 in Homebuying Budget