All articles tagged with #buyers
The US housing market is experiencing a significant shift with 500,000 more homes for sale than buyers, leading to a buyer's market, declining home prices, and increased seller caution, especially for those who bought at peak prices. Experts suggest that now may be a good time for sellers to list their homes before prices dip further, as demand continues to slow and the market cools.
The U.S. housing market has shifted to a buyer's market with a record high of nearly 500,000 more sellers than buyers, driven by high home prices, elevated mortgage rates, and economic uncertainty, leading to potential price declines in some markets, though affordability remains a challenge for many.
The U.S. housing market has shifted, with sellers now outnumbering buyers by nearly 500,000, the largest surplus on record, leading to increased negotiating power for buyers and potential declines in home prices, especially in buyer's markets like Florida and the Sun Belt, amid economic uncertainty and rising mortgage rates.
For the first time in years, U.S. homebuyers have gained the upper hand due to an increase in housing inventory, leading to less competition and potential price reductions, especially in Los Angeles where sellers outnumber buyers by about 45%. Despite rising mortgage rates and prices, the market is shifting towards buyers, with many sellers offering concessions and price reductions, and experts advising education and awareness of assistance programs for homeownership.
The U.S. housing market has shifted, with nearly 500,000 more sellers than buyers as of April, the largest surplus on record, leading to a potential 1% decline in home prices by the end of 2025. Florida cities are heavily affected, with a high seller-to-buyer ratio, while many markets across the country are now favoring buyers, especially in the Sun Belt and West Coast. Despite the increased negotiating power for buyers, affordability remains a challenge due to stagnant wages and high mortgage rates.
The real estate market has shifted to a buyer's market, with more sellers than buyers and increased price cuts, especially in Florida, prompting some to advise waiting and renting out properties until the market readjusts.
The U.S. housing market is experiencing a record high in sellers compared to buyers, with nearly 500,000 more sellers than buyers, leading to a buyer's market and an expected 1% decline in home prices by the end of 2025. This shift is driven by high home prices, rising mortgage rates, economic uncertainty, and homeowners locking in low rates, causing many homes to sit unsold and prices to soften, especially in markets like Miami and Newark.
Soaring home prices in Southern California are creating challenges for both buyers and sellers, with high interest rates discouraging sellers from listing their properties. Despite the steep prices, prospective buyers may find themselves in less intense bidding wars, but the decision to wait for prices and interest rates to drop is uncertain as potential future price increases may offset any savings from lower interest rates.
With the 2024 NHL trade deadline approaching, a comprehensive cheat sheet has been compiled for each team, detailing their status as buyers or sellers, salary-cap situation, best trade assets, untouchables, and needs. Teams like the Anaheim Ducks and Arizona Coyotes are sellers, while the Boston Bruins are buyers looking for defensive help. The Detroit Red Wings are buyers seeking defensive support, and the Florida Panthers are likely to hold as they are already a top team in the league.
Home prices in the largest U.S. cities grew by only 0.6% in November, the smallest increase since June, according to Redfin. While the majority of metropolitan areas still saw positive month-over-month price changes, 14 locations experienced declines. The largest increase was seen in Chicago, where home prices rose 2.4% month over month. The increase in inventory and decrease in competition contributed to the slowed price growth, providing a glimmer of hope for U.S. buyers.
Redfin predicts that the U.S. housing market will shift in favor of buyers in 2024, as mortgage rates decrease and more homes are listed for sale. The housing market faced challenges in 2023 due to high mortgage rates, low supply, and high prices. However, with mortgage rates expected to decline and more sellers entering the market, buyers may find relief. Redfin forecasts a 1% year-on-year decline in home prices in Q2 and Q3, the first decline since 2012. Home sales are projected to increase by 5% year-on-year, and the average 30-year mortgage rate is expected to start at around 7% in Q1 before decreasing throughout the year.
The U.S. Treasury sold $37 billion of 10-year notes at a high yield of 4.296%, with a positive tail of 1.4 basis points. The bid-to-cover ratio was 2.53X, and dealers took on a larger portion of the auction than average. Domestic buyers accounted for 18.87% of the purchases, while international buyers made up 63.83%. The auction grade was D+, indicating below-average performance. The results suggest some apprehension among investors, possibly due to the upcoming Fed meeting and the lackluster performance of the 3-year note auction.
Redfin predicts that home prices will decline in 2024 due to an increase in listings, which will shift the balance between buyers and sellers. However, certain hot metros are expected to buck this trend and continue experiencing price growth.
As the NFL trade deadline approaches, teams are divided into buyers, sellers, and those who will stand pat. The Kansas City Chiefs, Baltimore Ravens, and Buffalo Bills are among the buyers looking to strengthen their rosters. The Tennessee Titans, New England Patriots, and Denver Broncos are sellers, potentially looking to offload players. Several teams, including the New York Jets, Atlanta Falcons, and Tampa Bay Buccaneers, are expected to stand pat and not make any major moves.
As the NFL trade deadline approaches, several teams are considered buyers in the market, including the Philadelphia Eagles, Buffalo Bills, Baltimore Ravens, Atlanta Falcons, and New Orleans Saints. The Denver Broncos may be open to trading star cornerback Patrick Surtain II, while the Carolina Panthers are unwilling to trade Brian Burns but could consider moving Jeremy Chinn, Donte Jackson, or Terrace Marshall Jr. The Las Vegas Raiders have had Hunter Renfrow on the market, and the New York Giants may part with Leonard Williams for the right compensation. The Washington Commanders may trade either Chase Young or Montez Sweat if they continue to struggle, and other potential trade targets include Danielle Hunter, Josh Allen, Rashan Gary, and Josh Burns.