Posted 3/7/2024, 5:50:10 PM
Seller Confidence Rises as Housing Market Tips in Their Favor, While Buyers Remain Pessimistic Due to Affordability Challenges
- Seller confidence rising as market conditions improve in their favor, 65% say it's a good time to sell
- Buyer pessimism remains high, just 17% say it's a good time to buy due to low inventory and high rates
- Affordability is a major issue with median list prices up and required income to buy rising
- Builders also more optimistic, think lower rates later this year will boost demand
- Builder incentives like price reductions down as market tips in their favor