35 of the 50 most populous U.S. metros were buyer’s markets in May, led by places in the Sun Belt. There are nearly half a million more home sellers than buyers in the U.S. housing market–46.9% more–signaling that buyers hold the power. The number of sellers entering the market is at a 6-year high. Meanwhile, […]
Closed home sales jumped in May, reflecting April’s dipping mortgage rates and a strong labor market. But pending home sales were flat, a real-time reflection of May’s rising mortgage rates and economic uncertainty, which dampened buyers’ appetites. The Bay Area’s AI-fueled hot housing market contributed to the surge in closed sales, with double-digit sales upticks
Would-be home sellers are stepping back as high rates and economic jitters keep buyers on the sidelines. New listings of U.S. homes for sale are down 1.3% week over week, one of the biggest declines of the year. Prospective home sellers are backing off because homebuying demand has slowed down. Pending home sales ticked down
New Listings Fall 1.3%, One of the Biggest Weekly Declines of 2026 Read More »
More sellers are delisting in today’s buyer’s market as their homes sit on the market longer than they’d like and/or they’re unable to fetch the price they want. Some sellers who delisted their homes in the last year are relisting them: 2.5% of homes are relistings that were previously pulled off the market, the highest
The typical U.S. homebuyer’s down payment fell to $64,000 in March, down 1.5% year over year. In percentage terms, the typical down payment was 15%, down from 16.1% last year. Down payment percentages were highest in three California metros: San Jose, San Francisco, and Anaheim (25% each). They were lowest in Virginia Beach (2%) and
Typical Homebuyer’s Down Payment Falls to $64,000 As Americans Hold Onto Cash Read More »
Elevated housing costs, a slower-than-usual housing market and a cooling rental market are squeezing potential returns for U.S. investors. Real estate investors’ market share was 19%, largely unchanged from a year earlier, reflecting the overall sluggishness of the U.S. housing market in the first quarter. Investors cut back sharply on buying condos, and on buying
Investor Home Purchases Fall to Lowest Level Since 2020 Read More »
