The U.S. housing market is experiencing a notable shift as high mortgage rates continue to dampen buyer demand, forcing sellers to slash prices at a record pace to attract offers. According to recent data, an unprecedented percentage of home listings have seen price reductions, with the average discount reaching historic highs as properties sit on the market for longer periods. This trend marks a significant departure from the intense bidding wars of the pandemic era, as it hands newfound negotiating power back to homebuyers who are now scoring record deals nationwide, with competition cooling and inventory slowly rising.
Housing Market Foreclosures Jump 20%: https://youtube.com/live/MNyIRHkiiDo
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Kristina Smallhorn, Your Real Estate Whisperer, [email protected],[email protected]
eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812, Office (225) 412-9982 ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License 0912122918
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LIVE STREAMS ARE OPINIONS EXPRESSED BY LICENSED REAL ESTATE AGENTS IN DIFFERENT REAL ESTATE MARKETS. DO NOT BASE YOUR HOME PURCHASE OR SALE ON THE OPINIONS EXPRESSED IN THIS STREAM. ALWAYS CONSULT YOUR LOCAL REALTOR FOR YOUR MARKET CONDITIONS.