The article discusses the impact of shifting macroeconomic variables on the U.S. housing market. Recent policy changes have sparked recession concerns, with rising unemployment prompting homeowners to reconsider selling. Notably, new listings of single-family homes increased by 68,000 last week, signaling a trend of more sellers entering the market. This shift follows years of low seller volume due to homeowners being locked in with low mortgage rates. The interaction between economic downturn perceptions and interest rates may significantly influence housing supply and demand as conditions evolve.
There were 68,000 newly listed single-family homes last week, indicating a significant rise in seller activity as economic conditions shift and the housing market adapts.
Homeowners are experiencing the first economic downturn in a long time, which may influence housing supply more rapidly than falling interest rates can increase demand.
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