Reported about 1 month ago
As mortgage rates decline, the housing inventory has seen a slight drop for the first time in several weeks, indicating a shift in the market dynamics. The increase in available homes over the past months has positively impacted the housing inventory, though 2024 remains one of the lower inventory years historically. New listings have also shown a seasonal decline, while the percentage of homes with price cuts is rising, reflecting shifting buyer demand. Overall, the market appears more favorable, particularly as economic conditions evolve.
Source: YAHOO