Your Money Minute More Homes For Sale, Finally 6/19/25
Jun 19, 2025
Discover the recent surge in housing inventory, which has increased by 30%, offering homebuyers a breath of fresh air. With low mortgage rates motivating sellers, buyers now enjoy a greater selection of homes. This shift hints at a more balanced real estate market, easing some price pressures. Tune in for insights on how this change could reshape the housing landscape!
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More Home Inventory Eases Market
- Inventory of homes for sale is 30% higher than this time last year, signaling more choices than before.
- This increased inventory reduces upward price pressure for buyers, easing the market.
Sellers Adjust to Market Conditions
- Homeowners with previously low mortgage rates are now listing homes for sale, increasing options.
- Some sellers have begun reducing asking prices as homes stay unsold longer.
Mortgage Rates Drop Benefits Buyers
- Average 30-year fixed mortgage rates have dropped about half a percent since last year, benefiting buyers.
- Lower rates combined with more inventory signal a potentially improved housing market for buyers.