US Housing Market Trends
The US housing market is seeing listings rise but buyers aren't showing up due to high mortgage rates. Sellers are cutting prices as inventory grows stale. Sales are falling in many regions, with some areas experiencing price reductions and a shift to a buyer's market.
Key Points
- Higher mortgage rates are impacting buyer demand
- Sellers are cutting prices as inventory stagnates
- Sales are falling in various regions
Pros
- Increase in housing inventory
Cons
- Buyers deterred by high mortgage rates