Nearly 1 in 4 sellers cut home prices as inventory grows
ZZillow Group(Z) Prnewswire·2024-07-19 03:46

Competition is fading fast after the peak of this year's affordability-challenged home shopping season Monthly home value growth, while still positive, hit a 14-year low for June as competition relaxes. Inventory rose in all but five major metros while the nationwide deficit continues to shrink. Affordability challenges persist — new mortgages are affordable in just 11 of 50 major markets. SEATTLE, July 16, 2024 /PRNewswire/ -- Home listings are piling up as buyers step back from the peak of home shopping s ...