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“The Seattle housing market is forecasted to keep cooling through 2025 because demand is low and inventory is increasing,” he added. Sean Pavone / Getty Images/iStockphoto Denver
The housing inventory in the U.S. is still 34% below pre-pandemic levels, according to Zillow. “We’re short nationwide of about 4.3 million homes,” he said. “We’re still in a housing ...
Cape Coral, Fla., is off 7 percent from its recent peak, while North Port, Fla., has dropped 6 percent. Those numbers don’t represent a crash, but they do show a housing market coming back to earth.
One of the big factors cooling demand is rapidly rising mortgage rates. While the rate on the 30-year fixed mortgage — the most common home purchase loan — inched down to 5.25% last week from ...
New home buyers are becoming more cautious. Rising mortgage rates and declining home sales have signaled the end of a hot housing market that has plagued buyers for over a year. According to the ...
“The luxury market's taking the first hit,” said DiBugnara.“Anything over $700,000, over a million, over 2 million, depending on where the market is — you're seeing those houses be reduced ...
A recent report from real estate website Redfin shows several signs that the residential market could be cooling, Fortune reports. After more than a year of bidding wars, low inventory, and record...
The report from Redfin is based on changes in year-over-year housing market statistics. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...