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SavingAdvice.com Blog
Housing Market Peaking?
Home sales continue at record levels. However, prices show signs of easing indicating a slightly more buyer-friendly market.
“Even though homes continue to sell faster in what is solidly a sellers’ housing market in most areas, another jump in the number of new sellers compared to a year ago has caused some of our weekly metrics to take a tiny step in a more buyer-friendly direction,” writes Danielle Hale, chief economist for Realtor.com. “Home price gains eased this week although they continue to grow at a double-digit pace. On top of this, the size of inventory decline held steady. Buyers will still have to move fast and are likely to face competing offers, but there are signs that as sellers come to market, the intensity of the competition could lessen.”