The U.S. median home sale price reaches a record high, but prices are falling in former hotspots due to cooling buyer demand. Year-over-year price decreases are seen in Austin (-2.9%), San Antonio (-1.2%), Fort Worth (-1.2%), and Portland (-0.9%). Housing inventory is increasing in Florida, with builders expressing no concerns. Despite rising inventory, home transactions are not increasing as expected, leading to a housing market puzzle. The standoff between sellers and buyers continues as more sellers are hesitant to accept offers, following a trend from the previous year.
What to expect from the housing market in the second half of 2024, according to real estate experts https://t.co/bVS08iFakW
Just what an Incumbent President Want's To Hear... Bloomberg: The combination of homeowner lock-in and buyer lock-out, has depressed home sales to near 30-year lows. Sales remain below where they were even in the throes of the 2020 pandemic shock https://t.co/4QA7VFfpqB
Real estate agents/builders/investors/buyers/sellers: What are you seeing in your local housing market right now? ๐ก Please note your market.
Homes for sale are piling up, but transactions aren't rising the way you'd expect, says @conorsen. What explains this latest housing puzzle? https://t.co/Be36m4Bplz via @opinion
The housing market puzzle in 2023 was mortgage rate lock-in/record-low number of people putting their homes for sale. This year the number of sellers is risingโฆbut theyโre still not in a hurry to accept offers from buyers, so the standoff continues. https://t.co/KoRNSIeKgr
The housing market is finally seeing more inventory, but buyers arenโt showing up as a "cold reality is settling down." https://t.co/dgSsrw8oER
Homes for sale are piling up, but transactions aren't rising the way you'd expect, says @conorsen. What explains this latest housing puzzle? https://t.co/9R5yB3kAoa
Housing inventory is growing fast in Florida. Here's why builders say they aren't worried, writes Lance Lambert. https://t.co/9RQVYEfa3k
Housing speculators buying real estate in 2018 then doubling down in 2022 https://t.co/N7GmsPg37q
Despite the median U.S. home sale price hitting a record high, prices are falling in former hotspots as buyer demand cools ๐ https://t.co/oBlnYBWqqO #realestate Prices decreased YoY in: 1. Austin, -2.9% 2. San Antonio, -1.2% 3. Fort Worth, -1.2% 4. Portland, -0.9% https://t.co/2hE6oSoGpn