"There's recently been a little bit of breathing room in the U.S. housing market as mortgage rates have slightly declined and home price increases have started to steady. But both buyers and sellers are still cautious. Fewer homeowners are putting their homes on the market: Active listings fell 1.4% in August, which represents the biggest monthly decline since 2023, according to a Monday report from Redfin."
"Active listings fell 1.4% in August, which represents the biggest monthly decline since 2023, according to a Monday report from Redfin. "High housing costs and economic jitters have rattled buyers, and that unease has spilled over to sellers," Chen Zhao, Redfin's head of economics research, wrote in the report. "We currently expect existing-home sales to end the year at around 4.05 million, or roughly flat compared to 2024, which was the worst year for sales since 1995.""
Mortgage rates have edged down and home price growth has begun to steady, providing some breathing room in the U.S. housing market. Buyers and sellers remain cautious amid high housing costs and economic uncertainty. Active listings decreased 1.4% in August, marking the largest monthly drop since 2023. That caution has reduced inventory as fewer homeowners list their properties. Existing-home sales are forecast to finish the year near 4.05 million, roughly flat versus 2024, which was the weakest sales year since 1995. A reported Boston-suburbs buyer lost a 3% below-asking offer to a substantially higher competing bid.
Read at Boston Condos For Sale Ford Realty
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