Falling mortgage rates combined with a recent Fed rate cut have significantly increased housing market activity, with a year-over-year increase in new listings.
The current housing climate shows a marked recovery as the lock-in effect diminishes, allowing sidelined buyers to re-enter the market with renewed confidence.
The growth in new listings is most pronounced in higher-priced markets, revealing a strong link between median home prices and the influx of new inventory this September.
Cities like Seattle and Washington, DC are experiencing the largest rises in new home listings, reflecting how high savings from lower rates impact these markets.
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