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According to the report from Realtor.com, the inventory of active listings in the U.S. grew 33.5% year-over-year in October, and surpassed 2022 levels. Active inventory refers to a count of all homes listed as for-sale on the market. Home prices are falling, with the median listing price dropping by $2,000 to $425,000, but affordability is still a challenge for buyers, given that mortgage rates are still high, at 7%.
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>>> Read more: Good news for homebuyers: The number of active house listings soared in October. But a closer look reveals a more depressing picture.
Continue reading
>>> Read more: Good news for homebuyers: The number of active house listings soared in October. But a closer look reveals a more depressing picture.
