Reported 4 days ago
A Northern California real estate agent emphasizes that the current housing market is not like 2021, with many homes sitting unsold for weeks despite price cuts. High interest rates above 7%, stagnant wages, and increasing layoffs have altered buyer behavior, leading sellers to maintain unrealistic expectations about home values. In certain regions, homes continue to sell quickly, but overall market conditions are sluggish, with a notable increase in inventory and a decline in sales of previously owned homes.
Source: YAHOO