Same in California. High asking prices still but not alot of movement. pic.twitter.com/ekqKz5L3bW
— Ilu (@xjaydub) July 20, 2024
Pending home sales are at the lowest levels in 20+ years.
Home buyer demand is at absolutely historic lows pic.twitter.com/oiPyBVIjpc
— Darth Powell (@VladTheInflator) July 20, 2024
Expect to see a lot more Zillow charts like this pic.twitter.com/2Xcjc9UIq6
— The Long View (@HayekAndKeynes) July 20, 2024
The housing market has been experiencing significant changes, with many homeowners rushing to sell their properties. This trend is driven by various factors, including high mortgage rates, economic uncertainty, and fluctuating home prices.
The visual impact of this rush can be seen in the increased number of listings and the rapid turnover of properties in certain areas.
Sources:
www.forbes.com/advisor/mortgages/real-estate/will-housing-market-crash/
www.forbes.com/advisor/mortgages/real-estate/housing-market-predictions/