Housing Market Shift: Why Buyers Finally Have the Edge

Описание: 1. Buyers are Gaining Leverage

Host: "Affordability is starting to improve as home price growth stalls and inventory rises nearly 10% year-over-year. Nationally, the median list price has slipped to $419,900, and we’re seeing nearly 698,000 homes on the market. Because homes are sitting longer—91 days on average—sellers are more willing to talk. In fact, about one-third of all homes have already seen a price reduction."

2. The Mortgage Landscape

Host: "Mortgage rates held steady this week at 6.16%. While rates are still elevated, the mortgage spread is sitting at 1.86%. Interestingly, buyers aren't sitting on the sidelines anymore—purchase applications are actually up 18% year-over-year."

3. A Window of Opportunity

Host: "With more price cuts and fewer bidding wars, buyers finally have some real leverage. Since purchase apps usually lead actual sales by 30 to 90 days, the competition might heat up soon. If you’ve been waiting for a 'breathable' market, this might be your window."

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Andrew Stoll
Designated Managing Broker and Owner at Stoll Real Estate

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