Home Price Growth Slows, Seller's Market Fades

Home price growth is slowing down nationwide, offering little relief to either buyers or homeowners. Despite varying figures from different data providers, the overall trend indicates a cooler market. The median monthly mortgage payment on an average-priced home still exceeds thirty percent of median household income. The housing market is experiencing a K-shaped recovery, with sales of high-end homes increasing while affordable segments decline. This shift suggests the peak of the sellers market may be over, as many homeowners are now finding lower offers and a higher number of listings are being pulled off the market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.