Your Money Minute Uncertainty Sweeps Home Buying Market 5/20/25
May 20, 2025
Explore the current turmoil in the home buying market! Buyers are feeling the pinch from soaring mortgage rates and a surge in available listings. The atmosphere is charged with uncertainty, causing shifts in purchasing decisions. Tune in for insights on how these changing dynamics are reshaping the landscape for homebuyers this spring.
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Buyer Hesitation Amid Economic Fears
- Caitlin Little shared her hesitation about buying a home due to economic uncertainty and tariffs.
- She worries about rising expenses and the risks of taking on a new mortgage right now.
Sentiment Trumps Mortgage Rates
- Consumer sentiment and confidence drive the home buying market more than mortgage rates.
- Buyers struggle to process external economic factors impacting their decisions.
More Listings and Price Cuts
- Homebuyers have more choices with active listings up over 30% compared to last year.
- Approximately 18% of listings now have price cuts as sellers adjust expectations to sell.