The American housing market is in a deep freeze
5 Articles
5 Articles
The American housing market is in a deep freeze
"There’s no question that in many of pockets of the Sun Belt—the epicenter of U.S. single-family homebuilding—buyers have gained a considerable amount of leverage," ResiClub's Lance Lambert told Fortune Intelligence.
Housing market shifts toward buyer-seller balance
The U.S. housing market is entering a new phase defined less by competitive bidding and more by financial stress and practical necessity, according to a second-quarter Bright MLS agent survey released Friday. The findings reveal a marked departure from previous years’ demand-driven trends, with both home buyers and sellers increasingly motivated — or discouraged — by broader economic uncertainty rather than pricing or mortgage rates alone. “The …
U.S. Housing Market Slows as Prices Diverge
(AURN News) — AURN News recently reported on the challenges facing today’s housing market, as new data from the National Association of Realtors show existing home sales fell 2.7% in June. Even with fewer sales, home prices are still rising. The average U.S. home sold for more than $435,000 in June — the highest on record for that month. It was also the 24th consecutive month that prices increased. But a new report from Redfin shows that some me…
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