flexiblefullpage - default
Currently Reading

Housing Slowdown Reaches Turning Point as Fewer Sellers List Homes

Advertisement
billboard - default
Market Data + Trends

Housing Slowdown Reaches Turning Point as Fewer Sellers List Homes

The post-pandemic housing slowdown seems to be easing as housing supply levels off and sellers pull back 


August 19, 2022
Row of red brick neighborhood houses
Image: Stock.adobe.com

After a torrent of price increases and mortgage rate hikes, homebuyer demand is falling, and so too are new listings as sellers wait for an increase in market activity to put their houses up for sale. New listings fell 14% year-over-year during the four weeks ending August 14th, but the share of new listings with price cuts has leveled off at its record high, according to Redfin.

Not only are sellers facing less competition as fewer homeowners list their properties, but they’re also aligning their list prices with buyer expectations to avoid price reductions down the line.

“Many homeowners have been reluctant to put their houses up for sale during a market slowdown, which is now holding back inventory growth,” said Deputy Chief Economist Taylor Marr. “That means buyers have fewer homes to choose from and may lose some of their newfound bargaining power, which allows sellers to maintain their list prices instead of having to cut them.” 

Read more

Related Stories

Market Data + Trends

The Fed Ups Its Pressure on the Housing Market, Amplifying Recession Fears

The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow

Market Data + Trends

Housing Demand and Supply May Be Falling, but Home Prices Haven’t Stopped Rising

The housing market is rebalancing after years of red-hot home sales, but while supply and demand are falling, home prices have yet to fall from record highs

Financing

What the Fed’s Most Recent Rate Hike Means for Homebuyers—Good and Bad News

The 30-year fixed-rate mortgage just surpassed 6%, and while pricier borrowing costs will push homeownership out of reach for some would-be buyers, others will benefit from less competition and more bargaining power 

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.