There is 'early softening' in housing market: Economist

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 33 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Daryl Fairweather News

Housing Market,Changing Market

A new Redfin report reveals a significant shift in the housing market: for the first time since the pandemic began, the typical US home is selling 0.3% below...

A new Redfin report reveals a significant shift in the housing market: for the first time since the pandemic began, the typical US home is selling 0.3% below list price. Daryl Fairweather, Redfin's chief economist, provides insights into this trend.

Can you help us break down what you're seeing in the data here as it was really for the four weeks ending June 23rd here where this typical home was selling for less than its list price. Where should buyers expect some relief when, when you feel like and you are navigating an environment where we're looking at these all time high home prices here on average, where should buyers perhaps be able to say, ok, or at least chart their own path into entry into this market.

So I expect that if rates come down, we'll get buyers back in the market and we'll kind of be back where we are in terms of affordability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreign investment ‘highlights concerns around the attractiveness of doing business in Canada,’ says BMO economistDaily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Source: globeandmail - 🏆 5. / 92 Read more »