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Housing Affordability

Home Sellers Outnumber Buyers By a Record Margin, Upping Buyers’ Bargaining Power

There were a record 47% more home sellers than buyers in December, giving the buyers who were in the market negotiating power. The Sun Belt was home to the strongest buyer’s markets last month, while the Northeast and Midwest housed all five seller’s markets. Mortgage rates have ticked down in recent days, which may boost […]

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Pending Home Sales Drop to Lowest Level on Record Aside From Start of Pandemic

Pending sales fell 6% in December—the largest seasonally adjusted decline since 2022—amid stubbornly high housing costs and economic uncertainty. The typical home that did sell spent 60 days on the market, the slowest December pace in a decade. The supply of homes for sale fell the most since 2023 as sellers retreated amid sluggish demand.

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Mortgage Rates Expected to Stay Put After Today’s Mild Inflation Report

Takeaway: Mortgage rates are unlikely to move after a mild inflation report still marred by government shutdown-related distortions. Looking through the statistical issues, inflation likely remains as expected, keeping the Fed on hold for the foreseeable future. Inflation was slightly lower than expected in December in today’s CPI report. The numbers are still skewed by

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Trump’s Mortgage Bond Order Pushes Rates Below 6% For First Time in Nearly 3 Years, Boosting Purchasing Power

Purchasing power has increased $30,000 in the last six months, with rates falling below 6% the day after President Trump ordered a $200 billion mortgage bond purchase.  The daily average mortgage rate dropped to 5.99% on January 9, the lowest level in nearly three years, in the wake of President Trump’s order for the government

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The U.S. Housing Market Has 37% More Sellers Than Buyers—More Than Double Last Year’s Gap

Summer 2025 was the only time in records dating back to 2013 that sellers outnumbered buyers by a larger percentage. This mismatch means it’s a buyer’s market, with many buyers successfully negotiating lower prices and or concessions from sellers. Austin, TX is the strongest buyer’s market, while Nassau County, NY is the strongest seller’s market;

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