Mmastodon BusinessFinance first seen 1 d ago, last 29 min ago, peak #4
Home Sellers Cut Prices, Worrying Homebuilders
Original: Home Sellers Are Starting to Blink on Prices. That's Bad for Builders. https://www.wsj.com/economy/housing/homhome-price
The Wall Street Journal reports that home sellers in the US are beginning to lower their asking prices, a shift that could spell trouble for homebuilders. With mortgage rates staying elevated, more sellers are conceding on price, which increases competition with builders' new homes and suggests cooling demand in the housing market. The piece argues that falling resale prices put pressure on builders' pricing power and margins.
Why now: Housing affordability and mortgage rates are top economic concerns, so signs of softening home prices draw wide attention.
Wall Street JournalUS housing markethomebuilders
Rank over time, top of the chart is #1. 15 snapshots from 23 h ago to 29 min ago.
Evidence
- Home Sellers Are Starting to Blink on Prices. That's Bad for Builders. https://www.wsj.com/economy/housing/homhome-prices-sellers-mortgage-ratese-sellers-are-starting-to-blink-on-prices-thats-bad-for-builders-9512512f?mod=rss_markets_main # Finance # RealEstate # Economy · wsj_markets@robot.villas · 2
API: https://socialmediatrends-api.osmike.com/v1/trends/1848255