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Homebuyers gain the upper hand as sellers swamp the market

On HALO

3 days ago

Sellers in the U.S. housing market are outnumbering buyers by a large margin, giving potential buyers who were in the market negotiating power. But it's not making a dent in the affordability crisis.In December, there were an estimated 47.1% more home sellers than buyers in the U.S. housing market, which is the largest gap in records since 2013, according to a recent report from Realtor.com. That's up 7.1% from a month earlier, which was also the largest increase since September 2022. It's also up 22.2% from a year earlier.Meanwhile, during that same month, the number of homebuyers fell 5.9% m...

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3 days ago
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