"The housing market should be more balanced than in recent years, and housing inventory has been steadily rising, says Dottie Herman, vice chair and former CEO of Douglas Elliman Real Estate."
"I don't think the market will lean heavily in favor of either the buyer or the seller, but more demand will be there from potential buyers who've waited for prices to drop," Herman says.
"Next year won't tilt toward the buyer, but I predict there will be more room to negotiate with the seller," she says. "I think the days of whoever shows up with the most cash and gets the winning bid are quickly phasing out."
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