In August, the U.S. housing market reached one of its strongest buyer’s markets on record, with 35.2% more sellers than buyers (about 505,000 more). According to the Mortgage Baker’s Association, purchase applications are up 18% year over year and recent rate cuts could bring more buyers back if rates drop below 6%.
● Market imbalance: 1.94 million sellers vs. 1.44 million buyers; sellers have retreated by about 50,000 since May after struggling to find buyers.
● Regional trends: Florida and Texas metros—like Miami, Austin, and Fort Lauderdale—are the strongest buyer’s markets, driven by overbuilding, rising costs, and insurance challenges. By contrast, Newark, NJ, and Nassau County, NY are the strongest seller’s markets, with far fewer sellers than buyers.
● Price trends: Buyer’s markets saw just 1.8% annual home price growth, compared to 6% growth in seller’s markets.
● Shifting dynamics: Denver, Las Vegas, and Seattle have swung sharply toward buyer’s markets over the past year as inventory outpaces demand.
Overall, the housing market is split: oversupplied Sun Belt cities favor buyers, while inventory-tight Northeast markets still give sellers the upper hand.
Fuente : https://bit.ly/4pF1IH2
Por: jon iacono