Top of Mind Could homebuyers find bargains this spring? (3/10/25 Market Update)
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Mar 11, 2025 Dive into the dynamics of the U.S. housing market this spring! Discover the rising pending sales in the face of unsold inventory and buyer hesitance. Analyze key indicators like interest rates and new listings that could signal a market turnaround. Explore the implications for homebuyers looking for bargains amidst current challenges. Tune in for insightful data trends that paint a clearer picture of what's ahead in real estate!
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Slow Spring Housing Market
- Pending home sales are up 5% for the week, but still below last year.
- This slight increase is the most seen since August, suggesting a slow start to the spring housing market.
Home Price Forecast Risks
- HousingWire forecasts a 3.5% home price increase in 2025, but there's a downside risk.
- Factors like high mortgage rates and economic instability could lead to price drops.
Active Market Listings Signal
- Active market listings, leading indicators of sales prices, are barely above 2024 levels.
- This suggests home sale prices will remain slightly positive in the coming months.