06/14/2025
WHATâs GOING ON WITH THE CURRENT REAL ESTATE MARKET?
âDanielle Hale, the chief economist at Realtor.com, said in a recent report: "Price reductions have become more common in each of the past five months, a trend suggesting that sellers are adjusting their expectations in the face of affordability challenges and weaker buyer demand in some markets."
âChen Zhao, the head of economic research at Redfin, told CNN last month: "Generally, the ratio of sellers to buyers seems to be a predictor for home price growth, but with a lag of about three to six months. ⊠The reason we think home prices will fall by 1 percent and not something larger is because it's actually very hard for home prices to fall unless sellers have to sell. Sellers can always decide they don't like the prices that are currently in the market and decide to stay in their home."
âCorey Stambaugh, a Redfin premier agent in North Carolina, told ConsumerAffairs last month: "A lot of sellers are still emotionally tied to the peak prices of 2021 and 2022. But after a few weeks with no offers, reality sets in and they're willing to negotiate or offer concessions."
Karen Pohl, a real estate agent in Las Vegas, stated last month: "Based upon previous spring selling seasons, I have noticed a lot of listings are sitting longer on the marketplace (this year). I think there are a lot of sellers who still have really ambitious pricing for their homes, and it may be time to get realistic with their pricing in order to be competitive in the marketplace."
Despite the current dynamics at play in the U.S. housing market, home prices have remained relatively stable. Redfin experts expect home prices to fall by 1 percent by the end of 2025, but the declines may be more dramatic in the South and the West than in the Northeast, where the housing shortage is still acute.â
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