Spring Housing Market Update: Deals Are Getting Better (Will It Last?)
We’ve got new data on the Spring housing market, and it’s…well, complicated.
The monthly data shows more of the same: a sluggish housing market with negative home price growth.
But zoom in, and the weekly data tells a different story. Pending sales and mortgage applications are ticking higher, and we’ve just crossed into what could be the strongest buyer’s market we’ve seen in years, with sellers outnumbering buyers in 38 of the 49 largest major metro areas. This can only mean two things: deals are getting better, and investors have more negotiating power than they’ve had in a while.
As for…
The skinny
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