✉news BusinessReal Estate first seen 12 h ago, last 4 h ago, peak #22
Housing Price Cuts Hit Yearly High as Inventory Rebounds
Original: Price Cuts Reach Yearly High as Inventory Nears Pre-Pandemic Levels
US housing market data shows sellers cutting prices at the highest rate of the year, while the number of homes for sale is approaching pre-pandemic levels. The report suggests the market is rebalancing after years of tight supply, giving buyers more leverage and prompting sellers to adjust expectations amid elevated mortgage rates.
Why now: The housing market is showing signs of rebalancing, affecting buyers, sellers and the real estate outlook.
Evidence
- Price Cuts Reach Yearly High as Inventory Nears Pre-Pandemic Levels · themortgagepoint.com
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