More homes for sale and easing rates favor homebuyers this spring, but affordability hurdles remain

Homebuyers have more opportunities as inventory grows

Lynchburg Association of Realtors President Billy Morris writes that home inventory is steadily increasing to the point where buyers have more opportunities and negotiating power.

Southern Home Market Spring Surprise: Falling Prices for Buyers - Real News Now

This spring might bring good news for prospective home owners, particularly in five rapidly developing towns in the Southeast, that experienced significant growth during the pandemic. While a trend of slow sales is observed nationwide, owing to skyrocketing prices and high mortgage rates, there’s a different narrative in these regions. With an excess supply of residential properties, sellers are having to diminish their asking prices. This gives…

The Texas housing market is ‘a bit better’ for spring buyers

Right now, the median home sale price in Texas is about $328,000. It sounds like a lot, but not only is that about $70,000 less than the national average, it’s also a figure that’s been ticking down in recent years…

Real estate economist’s new book lays out unspoken rules of buying and selling a home

The Redfin chief economist seeks to help buyers and sellers navigate a housing market that might be stacked against them.

5 best US cities to buy and sell a home right now, according to Zillow

Whether you’re searching for a home or considering putting yours up for sale, these areas have the best options for both.

By a coincidence of the calendar, two indicators confirmed the arrival of spring on the real estate market. The first condition conditions the resumption of transactions: it is the decrease of interest rates.... The article Real estate: The great return of secondary residences appeared first on Current values.