Reported about 4 hours ago
As mortgage rates and home prices remain high, affordability for homebuyers in the U.S. is worsening, leading to a potential decline in home sales. New listings are on the rise, but overall inventory has seen mixed trends, suggesting a challenging market ahead. Despite these factors, home prices are increasing slightly, while the percentage of homes undergoing price reductions has also gone up. Predictions for 2025 indicate only modest growth in home sales and potential scenarios for price corrections.
Source: YAHOO