In the post-COVID era, the housing market has sat pretty firmly in seller’s territory. Record high home prices, elevated mortgage rates and inflation have all kept many buyers on the sidelines. For those that have entered the playing field, though, they’ve been faced with sellers who would more often delist a home rather than lower…
Market conditions have been a bit of a wild ride over recent years, with affordability and inventory challenges, coupled with other economic headwinds, keeping buyers and sellers on edge. Rate lock-in has many sellers awaiting better conditions to make their move, while high home prices have buyers doing the same. What the industry as a…
There is no quantitative, universally recognized definition of a “buyer’s market” or a “seller’s market.” But that shouldn’t stop real estate professionals from recognizing or calling out when the balance of power has shifted—as it seemingly has in recent months. According to RISMedia’s most recent Broker Confidence Index (BCI) survey, most brokers feel their markets…