In the ever-evolving landscape of the U.S. housing market, significant shifts are happening, and their implications are crucial to understand for both buyers and sellers. Join us in this episode as we delve into the latest data and trends affecting the real estate market. We’ll explore why available inventory of homes for sale is experiencing an unusual rise, what’s driving this demand-driven slowdown, and how it affects both buyers and sellers. Discover the impact of rising mortgage rates on new listings and pending-home sales, along with the consequences of weaker demand on pricing indicators like price reductions. We’ll also look ahead to the end of 2023 and explore what lies in store for the housing market. Mike Simonson from Altos Research provides valuable insights into these market dynamics, making this episode a must-watch for anyone interested in real estate trends. #RealEstateMarket #HousingTrends #Homebuying
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