BREAKING: 44.4% of home sellers gave concessions to buyers in March, near the highest share on record.
The percentage has increased by ~10 points since July 2024 and has DOUBLED since June 2022.
In Seattle, 71.3% of sellers gave concessions, the highest share among the 24 major metropolitan areas.
This was followed by 63.9% and 56.1% in Portland and Los Angeles.
This comes as homebuyer demand weakened due to elevated home prices and mortgage rates, as well as rising economic uncertainty.
The housing market is starting to cool down.
BREAKING: 44.4% of home sellers gave concessions to buyers in March, near the highest share on record.
The percentage has increased by ~10 points since July 2024 and has DOUBLED since June 2022.
In Seattle, 71.3% of sellers gave concessions, the highest share among the 24 major… pic.twitter.com/a8hO5cgbo4
— The Kobeissi Letter (@KobeissiLetter) April 29, 2025
The housing market you're seeing right now is the strongest it will be all year. Everything goes downhill from June forward.
— Darth Powell (@VladTheInflator) April 28, 2025
No hiring, no firing. The tale of a crazy labor market.
The hiring rate in construction is at all-time lows.
The layoff rate in construction is near all-time lows. pic.twitter.com/5lSnT22OoZ
— Eric Basmajian (@EPBResearch) April 29, 2025
American shows you what it’s like to go house hunting in 2025
This is a million dollar open house in Los Angeles, California
This is what a million dollars gets you. On a 30 year mortgage at current rates this will cost you $7,839 per month
“Our generation is getting nothing” pic.twitter.com/qSIRg8ThW4
— Wall Street Apes (@WallStreetApes) April 29, 2025