Reported 4 months ago
A lack of buyers is becoming evident as the US housing market sees an increase in listings amid high prices and rising mortgage rates, with more sellers reducing asking prices. Despite hopes for rate cuts by the Federal Reserve, the market is struggling with stagnant sales and accumulating listings. Regions like Florida and Texas are cooling off due to being priced out, while markets in the west are recovering. Economists predict a slow-down in price growth with ongoing pent-up demand from Millennials.
Source: YAHOO