Home vendors’ frustration for how long it takes to find the buyer chooses their property from the market and does not reduce the price requested.
According to a recently published Realtor.com report stating that the so -called blows or houses taken from the market without selling, from 2025. The beginning of the beginning increased by 38%and a year ago-48%-48%.
“Fewer and fewer sellers decide to get to the market, and more and more decide to jump,” says CBS Moneywatch, senior economist at Realtor.com.
Signs of deadlock
One indicator that more sellers leave the housing market is the ratio of thesis and lists. For each 100 new homes listed on a national scale in June, 21 houses were removed from the market and found in a report. This increased from the 13 houses issued from 100 new lists in May.
According to Krimmel, constant exchanges can lead to buyers and sellers by creating a deadlock in the housing market.
“What will prevent buyers and sellers closer together is that all sellers who might or should reduce their prices to satisfy the demand where it is, is completely deprived of the market,” he said. “So it’s like we are supported by this storage model.”
This tendency occurs when the supply of homes for sale begins to grow In certain US regionsAs a result, the price in these areas is reduced. In July The number of homes for sale increased by almost 25%compared to a year ago, which is pandemic. According to Realtor.com.
Despite the increase in housing inventory, home sales remain quite stagnant throughout the US. Experts said CBS Moneywatch, and continues to high prices and high mortgage rates. Realtor.com data shows that the expected home sale or lists under the contract in July compared to the same period of last year decreased by 3%.
Don’t hurry to sell
When homeowners want to sell property, they usually reduce the price to quickly unload it. However, those who do not have the same type of time restrictions may want to wait longer – especially if they benefit from a favorable mortgage rate.
“You may be captured in payments that are quite accessible to you,” Krimmel said. “You would like to sell but not for the price you don’t like.”
Another factor is the game of deletion, said experts-an increase in housing prices during the Covid-19 pandemic when the housing market was red hot. As newly remote workers are flocking to places such as Austin, Texas, home prices have risen record, giving sellers the opportunity to make money.
Although the market has cooled down since then, the expectations of sellers have been slower.
“We may have ruined very high homes in the last many years, but we are currently seeing a bit of softness on the market,” Nancy Vanda Houten told the Oxford Economics economist at CBS Moneywatch.
However, this may not be true in all markets. Miami is one of the places where sellers at least wanted a price. According to Realtor.com analysis, 59 houses were removed from each 100 new home listed in the South Florida city – the highest relationship between cities Realtor.com. Meanwhile, less than 18% of the Renovin Home in Miami in July. Prices have fallen, Realtor.com reports.
“If sellers decide to remove real estate from the market rather than lower prices, it may mean renewed confidence in the future of Miami and the increasing belief that it is a market that is worth keeping for a long time,” Realtor.com told Miami’s real estate agent and Miami’s Analytics Maiamio.
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