Is the Housing Market Power Shifting Back to Buyers?

Active housing inventory in 80 of the 200 largest U.S. metro areas has returned to or surpassed pre-pandemic 2019 levels, primarily in the Sun Belt, where builders are offering price reductions and incentives to maintain sales. These regions, which experienced significant growth during the pandemic, now see increased supply and more negotiating power for buyers. In contrast, the Midwest and Northeast maintain tight inventory and stable prices due to less new construction and lower migration. Markets with higher inventory have seen weaker or declining home price growth, while areas with low inventory continue to experience stronger price gains.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.