Reported 3 months ago
As the spring homebuying season unfolds, sellers are listing properties at 'aspirational' prices but buyers are hesitant, leading to rising inventory and reduced sales. A significant number of homes are being sold for less than their initial asking price, reflecting a growing divide between sellers, benefiting from high home equity, and first-time buyers facing financial challenges. With an increase in market time and more listings expected, buyers are gaining negotiation power, while certain markets still favor sellers despite shifts in pricing and inventory dynamics.
Source: YAHOO