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The housing market slowdown is likely to gain steam, ... On average, U.S. homes purchased during a four-week period in August 2022 sold for less than the asking price. (AP Photo/Wilfredo Lee, ...
“Time flies, but it was this time last year when we really started to see the market slow down,” Erin Sykes, chief economist at residential real estate brokerage firm Nest Seekers ...
Housing market slowdown is making ‘it easier to get the home you want’: Economist. July 7, 2022 at 9:03 AM ...
In July, the housing market had a 4.0-month supply of housing inventory, a 19.8 percent improvement over last year but still below the 5 to 6 months needed for a healthy, balanced market — one ...
Help may not be on the way for first-time homebuyers frustrated by high mortgage rates and even higher home prices. Economists at Bank of America warned this week that the US housing market is ...
At the same time, while price growth has cooled markedly, prices still remain high. Nationally, home prices increased year-over-year by 11.4%, according to Corelogic data. That's provided ...
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The housing market has been effectively stuck since mortgage rates began their swift climb in 2022. Homeowners lucky enough to lock in rates around 3% in earlier years were suddenly reluctant to ...