1、Homes Sell Below List Price in US for First Time Since March 2021
The shift is largely because of surging mortgage rates, which have dented affordability and kept many would-be buyers on the sidelines, forcing sellers to accept lower prices. The average sale-to-list price ratio fell to 99.8% in the four-week period ended Aug. 28. It hasn’t been below 100% since March 2021, Redfin said.
2、Is the US housing market in a recession or a correction?
“Inventory remains tight, prices continue to rise nationally with nearly 40% of homes still commanding the full list price,” Yun said. “
Home sales may soon stabilize since mortgage rates have fallen to near 5%, thereby giving an additional boost of purchasing power to home buyers.”
3、Analysis: Why Late 2022 and 2023 Could Be a Good Time to Buy a Home
Nationwide, the total number of active real estate listings rose by nearly 27% in August, compared to a year earlier. Some housing markets — like Austin, Nashville and Phoenix — posted annual inventory gains of greater than 100%.
4、House Values Could Dip in Some U.S. Cities
Home prices in the U.S. rose at an unprecedented pace over the past 18 months. Some of the hottest real estate markets saw prices rise by more than 30% in a single year. That trend has priced many would-be buyers out of the market entirely, putting homeownership far out of reach.
But this too is changing. As we reported back in August, U.S. home prices are actually showing some weakness in the summer of 2022. Prices nationwide dipped slightly from June to July of this year, and by as much as 4.5% in places like Phoenix, Arizona.
Many U.S. cities are now considered to be overvalued, from a real estate perspective. Researchers have even said the buyers in hot markets like Boise, Austin and Las Vegas could soon get burned by falling prices.
Over the coming months, many housing markets across the U.S. could see a kind of “correction” or rebalancing, where house values dip to more sustainable levels. If so, that could make late 2022 or 2023 an even better time to buy a house in some cities. Once the dust settles, at least.
After all, no one wants to purchase a home only to see its value decline. By waiting a while to see how things shake out, buyers could potentially pay a reduced price.
© 2022-2025