Housing market facing challenges with high prices and mortgage rates, but shift favors buyers.

From Yahoo Finance: 2025-06-01 09:00:00

The housing market is in a tough spot with high prices and elevated mortgage rates, discouraging potential buyers. Existing home sales fell 0.5% in April, reaching the weakest level since 2009. However, a new report from Redfin suggests a more favorable ratio for buyers, as sellers now outnumber buyers by nearly half a million. This shift in the market balance could lead to lower prices and better deals for buyers. Despite this positive development, mortgage rates remain high, hovering around 6.8%, making it challenging for buyers to take advantage of the changing market conditions.



Read more at Yahoo Finance: Is the Housing Bubble Finally Losing Pressure?