Adams added that the housing market has shifted from a lopsided seller’s market in 2021 and early 2022 to at least one where provide and demand are roughly matched. Meanwhile, this comes towards the backdrop of document high mortgage charges, which have been hovering around 8% in the past few weeks. The value of the US housing markethas surged about 50% from the pre-pandemic days in January 2020 to simply about $52 trillion now,Zillow reported Tuesday. Analyzed collectively, the bumper house listings in August and weaker homebuyer demand signifies that extra stock is coming again on-line for potential patrons. Zillow’s …

Adams added that the housing market has shifted from a lopsided seller’s market in 2021 and early 2022 to at least one where provide and demand are roughly matched. Meanwhile, this comes towards the backdrop of document high mortgage charges, which have been hovering around 8% in the past few weeks. The value of the US housing markethas surged about 50% from the pre-pandemic days in January 2020 to simply about $52 trillion now,Zillow reported Tuesday. Analyzed collectively, the bumper house listings in August and weaker homebuyer demand signifies that extra stock is coming again on-line for potential patrons. Zillow’s …