BiggerPockets Daily
Data Shows That Buyers Hold All the Power in These Markets
Jan 19, 2025
Discover how the housing market dynamics are shifting, particularly in the South and Southeast. A recent report highlights that increased home construction is giving buyers the upper hand, especially in cities like Austin. Meanwhile, contrasting conditions in New Orleans show the challenges sellers face. The episode also emphasizes the current opportunities for cash buyers amidst reduced bidding wars, while cautioning that as mortgage rates drop, competition may rise. It's a compelling rundown of a buyer-centric market!
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Quick takeaways
- Recent data reveals a shift towards buyer's markets in the Southern U.S., indicating a new balance between buyers and sellers.
- Increased new home construction is enhancing buyer power by improving supply and reshaping competitive dynamics in the housing market.
Deep dives
Emergence of Buyer's Markets in the South
Recent data indicates a significant shift towards buyer's markets in various southern and southeastern metropolitan areas, including Florida, Georgia, Texas, Tennessee, and Louisiana. This represents a notable change from the previous four years, where sellers predominantly held power in the housing market. Despite elevated mortgage rates, the real estate landscape is beginning to balance out, with an increased number of buyers and sellers active in these regions. The findings from a Zillow report highlight this trend, showcasing top buyer's markets primarily in the South, where conditions are increasingly favorable for buyers.
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