As the market moves toward more balance between buyers and sellers, parties on both sides of the transaction need to be prepared to negotiate.
Insights
“Nearly 80% of economists surveyed by Bloomberg recently predict the Fed will make a quarter-point decrease to a range of 5% to 5.25% in September.
Money.com
“Timing the market is basically impossible. If you’re always waiting for perfect market conditions, you’re going to be waiting forever. Buy now only if it’s a good idea for you.
Jacob Channel, Senior Economist, LendingTree
Rates
Generally, the rate-cutting cycle is not one-and-done. Six to eight rounds of rate cuts all through 2025 look likely. – Lawrence Yun, Chief Economist, NAR
Affordability
The faster housing supply increases, the more affordability improves and the strength of a seller’s market wanes. – Mark Fleming Chief Economist, First American
Inventory
Today’s market is considered balanced. “In general, a housing market with five to seven months of supply could be described as balanced between buyers and sellers.” – U.S. News, April 18th
Prices
When inventory rises faster than demand, prices have to adjust eventually. Increasing inventory levels are a sign that the market is starting to balance out. – Hannah JonesSenior Economic Analyst, Realtor.com
Sales
Homes are sitting on the market a bit longer, and sellers are receiving fewer offers. More buyers are insisting on home inspections and appraisals, and inventory is definitively rising on a national basis. – Lawrence Yun Chief Economist, NAR
More Charts
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