The Housing Market Has More Homes, and a Buyer Problem
The U.S. Housing Market Hotness Index declined to 88.83 as elevated mortgage rates, stubborn home prices, and economic uncertainty continued to restrain buyer activity, even as housing inventory reached its highest level since November 2019. While sellers increasingly resist steep price reductions, San Francisco, Cuyahoga, and Jackson counties remain relatively resilient, contrasting with weaker markets in Florida and Texas.
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