New Listings Post Biggest Increase of the Year While Homebuying Demand Declines, Leading to Big Pool of Supply

The uptick in new listings, along with slow sales, is contributing to a growing pool of supply for homebuyers to choose from. It has also led to the typical home selling for 2% under asking price, the biggest discount in two years–but housing costs are still ultra-high.  New listings of U.S. homes for sale rose … Continue reading New Listings Post Biggest Increase of the Year While Homebuying Demand Declines, Leading to Big Pool of Supply