Coming Soon: A Buyers’ Market?

June 3, 2019
Twelve months ago, in many housing markets, such as San Francisco, there was intense competition for housing, with multiple buyers were competing for properties.
Photo: King of Hearts / Wikimedia Commons / CC by SA-3.0

It’s a buyers’ market for home shoppers this spring, say housing economists and analysts. Slowing price increases, lower mortgage rates, and increasing numbers of homes for sale all point to easing homebuying conditions, according to The New York Times.

 A year ago, many housing markets were in a “frenzy,” with multiple buyers competing for properties, said Lawrence Yun, chief economist for the Realtors association. But the inventory of homes for sale has notched upward this spring, tilting the balance of power away from sellers, especially for higher-priced homes.

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PB-New Home Sales,PB-Sales,PB-Economics