Real Estate

“The Number of U.S. Homebuyers Just Dropped to a Record Low, Shifting the Market Further in Buyers’ Favor”

“…There were an estimated 51.3% more home sellers than buyers in the U.S. housing market in July, just shy of December’s peak of 51.8% and up from 47.9% the month before. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket…

When sellers outnumber buyers, buyers typically have more negotiating power because they have options. That’s why a market with a lot more sellers than buyers is considered a buyer’s market…”

https://finance.yahoo.com/real-estate/articles/number-u-homebuyers-just-dropped-123000534.html

Leave a Reply